It’s worth having some conversations with a lender who offers DSCR or similar programs.

I am a smaller Main Street Type investor and have created/manufactured SFR notes as part of my fix-n-flip program for many years.

I'm a big fan of lakefront properties as vacation rentals, and the area these cabins are in is popular for tourists, so I felt confident in the deal.How did you find this deal and how did you negotiate it?

If you’re serious about buying properties and doing real estate, then I would suggest working with the CPA that understands real estate even if the services cost more than your average H&R Block or some TurboTax program you can buy.

There are loan programs specifically for Virginians.https://www.virginiahousing.com/enGood luck and Happy 2025

This criteria is for 1-4 and 5-8 unit programs.

Lender A is $500 cheaper in lender fees because they dont pay for some program or staff who, among other things, doublechecks info inputs and documents for accuracy.

It varies by program.To learn more about DSCR programs: DSCR loans won't use your income to underwrite the loan.

As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone  mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.

We offer a ton of different fix-and-flip programs including putting 10% down on the purchase price and funding 100% of the rehab.