{"id":157393,"date":"2023-08-29T10:34:19","date_gmt":"2023-08-29T16:34:19","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=157393"},"modified":"2024-02-28T08:36:08","modified_gmt":"2024-02-28T15:36:08","slug":"short-term-rental-loans-and-dscr-loans","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/short-term-rental-loans-and-dscr-loans","title":{"rendered":"Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC8190903010\" width=\"100%\"><\/iframe>\r\n  \n\n\n\n\n<p class=\"wp-block-paragraph\"><em>This article is presented by Easy Street Capital. Read our&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/editorial-guidelines\" target=\"_blank\" rel=\"noreferrer noopener\">editorial guidelines<\/a>&nbsp;for more information.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Short-term rentals continue to be one of the hottest areas of real estate investing in 2023. Despite some market volatility, slow down, and saturation in some areas, smart, professional short-term rental investors continue to thrive, expand, and scale.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">What separates the successful STR investors from those facing a personal portfolio \u201c<a href=\"https:\/\/www.biggerpockets.com\/blog\/airbnbust-why-it-may-be-time-to-rethink-short-term-rentals\" data-type=\"link\" data-id=\"https:\/\/www.biggerpockets.com\/blog\/airbnbust-why-it-may-be-time-to-rethink-short-term-rentals\" target=\"_blank\">Airbnbust<\/a>\u201d? It\u2019s simple: Investors who succeed with short-term rentals are those who approach the business&nbsp;<\/span><em><span data-preserver-spaces=\"true\">professionally<\/span><\/em><span data-preserver-spaces=\"true\">\u2014lining up all the moving pieces for success in STR real estate.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Typically, this means approaching it like a business\u2014utilizing a pricing engine; hiring top-notch management or implementing cutting-edge automated systems; developing relationships with the right agents, cleaners, handymen, and accountants; and often, the most important piece: mastering the financing. Getting each of these dialed is often the key to success and scale, freeing investors up to focus on the highest-value activity: finding and closing deals.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Short-Term Rental Loan Options<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Figuring out the financing side of short-term rental investing can be the difference between a quick path to wealth and financial freedom and a huge headache, financial stress, and failure. When running the numbers, even minor differences in loan terms can lead to dramatically different returns on capital, pace of portfolio expansion, and even positive cash flow versus losing money each month.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">If you are like most people looking to build a portfolio of short-term rentals, you will likely need to use leverage (and use it effectively), as many investors don\u2019t have enough cash lying around to purchase without financing.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">It&#8217;s hard to remember sometimes, but Airbnb is only 15 years old, founded in August 2008 at the height of the real estate mortgage crisis. Thus, this nascent industry of short-term rentals has grown and developed at the same time the mortgage lending business has undergone radical change. These changes included the passage of the Dodd-Frank Act in 2010, which&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.investopedia.com\/terms\/q\/qualified-mortgage.asp#:~:text=Consumer%20Protection%20Act.-,Provisions%20of%20the%20Dodd%2DFrank%20Wall%20Street%20Reform%20and%20Consumer,subprime%20mortgage%20crisis%20of%202007.\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">created \u201cqualified mortgage\u201d rules<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;that tightened up mortgage standards across the industry.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Changes also included the growth of nonbank \u201cnon-QM\u201d lenders in recent years, pioneering&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/dscr-loans-what-are-they\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">DSCR loans<\/span><\/a><span data-preserver-spaces=\"true\">, which are created specifically for investment properties but with&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/what-documents-do-you-need-for-a-dscr-loan\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">healthy underwriting and documentation standards<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;that were absent from the investors\u2019 so-called NINJA loans (poorly underwritten loans to often unqualified borrowers) that were used in the early 2000s and are blamed as a big factor in the 2008 mortgage crisis.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Summer 2023 Short-Term Rental Landscape<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Here, in the middle of 2023, short-term rental investors have multiple options for financing their portfolio. With many banks pulling back from lending in the face of high interest rates, regulatory uncertainty, and fears of a regional bank credit crunch, investors looking for STR loans generally find themselves with three main options:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Conventional loans:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Standard investment property loans underwritten to agency (Fannie Mae\/Freddie Mac) guidelines and primarily underwritten based on individual borrower income and total debt-to-income ratio (DTI).<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Second home loans:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Also sometimes referred to as vacation home loans, a subset of conventional loans that are best known and popular due to minimum&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/wwwdev.biggerpockets.com\/blog\/down-payment\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">down payments<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;of just 10%.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">DSCR loans:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">These are often originated by private lenders for investment properties and underwritten primarily based on the property and its cash flow potential.<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">While generally a bit higher in rates and fees than the preceding two options, DSCR loans are typically the most popular and utilized by professional short-term rental investors. Why? Primarily because of the flexibility they offer\u2014short-term rentals are a still-growing, rapidly changing class of real estate\u2014and it\u2019s far quicker and easier for private lenders to adapt than the government-sponsored agencies conventional lenders rely on for decisions and guidelines.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">How DSCR Loans Stack Up Versus Other Common Options<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">When looking for financing options, it\u2019s important to consider all the options. Here\u2019s a look at how DSCR loans compare to other loan options.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Short-term rental loans: Conventional vs. DSCR<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Conventional loans are often the lowest-rate option, typically coming in about 0.75% to 1% lower than an equivalent DSCR loan. These loans also are standardized\u2014either they fit the rules or they don\u2019t\u2014and come with the certainty, if not flexibility, of what numbers and qualifications work and what do not. Finally, conventional loans do not have prepayment penalties, meaning that if you decide to prepay the loan early, either through a sale or refinance, there are no fees for doing so.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Sounds great. But of course, these pros also come with a list of cons when compared to DSCR loans\u2014many of which are restricting enough to make the DSCR loan option worth it, even with higher rates.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Typical drawbacks to using conventional loans when financing short-term rentals include:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">DTI ratio requirement:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Qualification for purchasing a short-term rental property financed with a conventional loan is based on the borrower\u2019s global income and&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-calculate-debt-to-income-ratio\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">debt-to-income ratio<\/span><\/a><span data-preserver-spaces=\"true\">. Thus, even if you\u2019ve spotted a great STR purchase, crunched the numbers, and know you\u2019ll earn comfortable cash flow, you may not qualify for a conventional loan if your personal income levels (W2 income) or expenses (<\/span><em><span data-preserver-spaces=\"true\">all<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;your expenses) don\u2019t have the right ratio.&nbsp;&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Further, conventional lenders will \u201chaircut\u201d the income expected to earn on short-term rentals, so on paper, the property won\u2019t be projected or enough revenue\u2014even if you\u2019re a professional who can easily beat the numbers. DSCR loans look primarily at the property and its cash flow potential and, importantly, do not factor in DTI or personal income, making many scenarios workable for DSCR but not conventional financing.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Tax returns and documentation:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Conventional loans are notorious for what some would call excessive paperwork and documentation requests, including digging up tax returns and all sorts of financial statements. Real estate investors know speed is the name of the game when seizing opportunities, so time spent gathering the extra documents required for conventional loans could be more than just a hassle\u2014it could cost them deals.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">No ability to borrow in an LLC:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Many real estate investors in the short-term rental space prefer to invest through an LLC (limited liability company) for many reasons. These include both the added legal protection (often valued in the STR space, with the frequency of guests and potential issues arising from hospitality) as well as the ability to borrow with partners (50\/50 entity structure, for example). In addition, a major drawback of conventional loans is that you have to borrow as an individual, with your name on the loan documents. This also requires the mortgage debt to be reported on the borrower\u2019s personal credit report, whereas borrowing through an LLC keeps the loan off your credit.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Concentration and loan size limits:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Conventional loans have limits on how many an individual borrower can carry individually, which causes problems with scaling. Individuals can have no more than 10 conventional loans. Conventional loans also have loan amount limits,&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.fhfa.gov\/Media\/PublicAffairs\/Pages\/FHFA-Announces-Conforming-Loan-Limits-for-2023.aspx\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">namely $726,200 in 2023<\/span><\/a><span data-preserver-spaces=\"true\">, which can be challenging for larger, luxury short-term rental properties.&nbsp;<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">No flexibility or exceptions in qualification and underwriting:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">While the certainty of uniform standards can be a positive, the flip side is that there is much less flexibility, forward-thinking underwriting, and exceptions available.<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Short-term rental loans: Second home loans vs. DSCR<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Second home loans are another popular option to finance short-term rentals. People are particularly drawn to this loan product due to the 10% down requirement with a maximum LTV of 90% (higher than the typical 20% minimum down payment required for DSCR loans).&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">However, there is one large drawback\u2014and it is a big one. Rules for this loan product require that the property is rented&nbsp;<\/span><em><span data-preserver-spaces=\"true\">no more than 180 days per year<\/span><\/em><span data-preserver-spaces=\"true\">, or generally half the time. This makes generating enough cash flow and return on investment as a short-term rental practically impossible (unless you are breaking the law, which is not advisable). Thus, these loans are really not geared toward short-term rental investors but rather people who want a vacation home that can be rented out from time to time.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Drawbacks of second home loans, when compared to DSCR loans, include:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-preserver-spaces=\"true\">The same DTI, tax return and documentation requirements, and LLC restrictions as conventional loans, as previously mentioned.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Restrictions on days rented per year:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">The property can only be rented a maximum of 180 days per year (versus year-round if financed with a DSCR loan).<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">No property management company:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">If utilizing a second home loan, no property management company may be used.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Restricted to single-family residences only:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Borrowers cannot use these loans to finance short-term rentals on multiunit properties, key for maximizing cash flow for many investors.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Restrictions on out-of-state investing:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Second home loans require that the borrower \u201c<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/themortgagereports.com\/21116\/second-home-mortgage-qualify-for-vacation-residence?utm_source=hs_email&amp;utm_medium=email&amp;utm_content=2&amp;utm_campaign=Email%20Blasts%202023\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">live a reasonable distance from the buyer\u2019s primary residence<\/span><\/a><span data-preserver-spaces=\"true\">,\u201d removing the crucial flexibility to invest in the best markets from coast to coast.<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Short-Term Rental DSCR Loans: Differences Among Lenders<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">In sum, DSCR loans, while a little more expensive than conventional or second home loan alternatives, are often the best bet to finance short-term rentals due to the relative lack of restrictions and investor-friendly flexibility. However, not&nbsp;<\/span><em><span data-preserver-spaces=\"true\">all&nbsp;<\/span><\/em><span data-preserver-spaces=\"true\">DSCR lenders are the same when it comes to short-term rentals. In fact, many DSCR lenders don\u2019t even lend on STRs at all, restricting their offerings to properties utilized as long-term rentals only.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Thus, if scaling a short-term rental portfolio with DSCR loans, it&#8217;s&nbsp;<\/span><em><span data-preserver-spaces=\"true\">crucial<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;to know your DSCR lender\u2019s guidelines when it comes to STRs. Generally, DSCR lenders fall into three buckets:<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><span data-preserver-spaces=\"true\">Traditional DSCR lenders that&nbsp;<\/span><em><span data-preserver-spaces=\"true\">do not lend&nbsp;<\/span><\/em><span data-preserver-spaces=\"true\">on properties utilized as short-term rentals.<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">DSCR lenders that lend on STR properties but do so conservatively, either requiring the property to qualify as if it were utilized as a long-term rental or require 12 full months of documented operating history on an STR platform.<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">DSCR lenders that fully embrace short-term rentals and underwrite utilizing cutting-edge technology tools such as revenue projections from leading data sources such as&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.airdna.co\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">AirDNA<\/span><\/a><span data-preserver-spaces=\"true\">, financing multiunit STR properties (even five-plus units), and embracing seasonal vacation markets that don\u2019t have traditional long-term rental markets.<\/span><\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Conclusion<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Investing in short-term rentals is not for the faint of heart, but it\u2019s an exciting space in real estate investing, as the industry is still in the middle innings of a growth pattern toward an institutional real estate asset class. Innovation, change, and growth continues to happen daily\u2014it&#8217;s no wonder the BiggerPockets&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/forums\/530\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Short Term Rentals subforum<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;typically has the most active discussions every day.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">There is no doubt that the lending options available to short-term rentals will continue to evolve and expand\u2014and staying on top of the loan options available will be key to success as the industry expands.<\/span><\/p>\n\n\n\n<div class=\"wp-block-group border border-gray-200 p-6 rounded-md has-slate-50-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n    \n  <div \n    id=\"segemnt-view-event-block_624f52525847f\" \n    class=\"  \"\n    x-intersect:enter.once=\"\n      analytics.track('Easy Street Capital Blog Sponsor View', {\n        referrer: 'https:\/\/www.biggerpockets.com\/blog\/short-term-rental-loans-and-dscr-loans',\n              })\n    \">\n    \n  <\/div>\n  \n\n\n<h3 class=\"wp-block-heading has-text-align-left mt-0\"><strong>This article is presented by Easy Street Capital<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/01\/Easy-Street-Capital-Logo-1024x1024.png\" alt=\"Easy street capital logo\" class=\"wp-image-146472\" style=\"width:232px;height:217px\" width=\"232\" height=\"217\" title=\"\"><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Easy Street Capital is a private real estate lender headquartered in Austin, Texas, serving real estate investors around the country. Defined by an experienced team and innovative loan programs, Easy Street Capital is the ideal financing partner for real estate investors of all experience levels and specialties.&nbsp;Whether an investor is fixing and flipping, financing a cash-flowing rental, or building ground-up, we have a solution&nbsp;to fit those needs.<\/p>\n\n\n\n<div id=button-custom-event-block_63c9a33918e17 class='button-custom-event'>\n      <a href=\"https:\/\/www.easystreetcap.com\/dscr-loans-guide\/\" x-on:click=\"window.analytics.track(&#039;Sponsored Blog CTA Click&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/short-term-rental-loans-and-dscr-loans&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\" rel=\"noopener\">Learn More About Easy Street Capital<\/a>\n  <\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Short-term rentals are still hot, despite what some pundits say. That&#8217;s why you should be learning to scale your portfolio even further with DSCR loans.<\/p>\n","protected":false},"author":613643,"featured_media":157395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7271,7119,7402],"tags":[],"class_list":["post-157393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-short-term-rentals","category-biggerpockets-daily","category-traditional-loans"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/157393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613643"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=157393"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/157393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/157395"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=157393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=157393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=157393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}