Using a HELOC or doing a cash out refi is a great way to use the equity in your home.

When you have STR like airBNB or VRBO DSCR does allow that income unless you can provide a previous 12 month rents received or a print out from VRBO.The alternative to that is if the lender or UW will allow the appraisal to use MTR/STR income/rent schedule if the rents and property is common to the area in terms of rent available for the apprasier to show proof.My advice to you is make sure you do your home work and deal with a seasoned Banker or Loan officer that funds multiple DSCR loans per month. 

I'm having trouble raising capital, is there anyone out there that can give me tip on how to raise capital?

Purchase price: $4,000 Cash invested: $15,000 Bought land with 5 mobile homes on it cleaned it up now it's my construction yard.I would like to buy the land behind me and convert it!

These days it's more challenging to find properties where the numbers are promising but they are out there.

Will the 100's of thousands to input into the project provide a viable return or a cash out/equity push up refi for it to make sense? 

How do I know what cap rate to use to find out what the market value of the property is?

Per their website, with a purchase price of 219k, 30 year fixed at 6.5%, renting for $1,850  a month, monthly cash flow is $508 a month.

If you have any more questions or are looking for funding please feel free to reach out to us.Regards,Jackson

@Hai Le, if the rate is flat why break it out separately?