Otherwise, you'd need to based the financing based off of the purchase price (possibly plus renovation).Since Conventional rates change daily and the rates have jumped recently, DSCR rates actually are in similar range at the moment.

This is in all cases, not specific to this purchase.  

National Parks are a great place to purchase a STR since they'll always draw visitors.

I know of at least 4 instances where investors purchased properties with agent representation that had intentions of doing an STR only to be denied a permit by the city after closing.Let me know if you have any other questions. 

I am considering purchasing a condo in Stamford, CT, to use as my personal residence, as I'll need to travel to CT frequently—about 50% of the time.

I am interested in purchasing a home that has been recently known as a squatter house. 

Hey all,I bought my first home (currently my primary) last year and am now looking to purchase a Long term rental property.

It appears you purchased in mid 2020.  

Did anyone recently purchase a property there and hows the rental market?

Hi Griffin, It is not uncommon for hard money lenders to finance 90% of the purchase price and 100% of the rehab cost on a 6-12 month term, and then they'd be able to assist with long-term funding for the property once it has been rented.