{"id":157664,"date":"2023-09-04T19:21:00","date_gmt":"2023-09-05T01:21:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=157664"},"modified":"2024-02-28T08:43:23","modified_gmt":"2024-02-28T15:43:23","slug":"dscr-loans-terms-to-know","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/dscr-loans-terms-to-know","title":{"rendered":"DSCR Loans: Terms to Know When Working With These Popular Rental Loans"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC4169123219\" width=\"100%\"><\/iframe>\r\n  \n\n\n\n\n<p><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><span data-preserver-spaces=\"true\">Navigating the world of financing rental properties can be overwhelming for even experienced real estate investors. There are tons of terms, phrases, and acronyms that can cause confusion, and real estate finance is also notorious for misnomers and multiple terms that all mean the same thing.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">To help investors master the&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\">world of DSCR loans<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;and know how to effectively communicate and work with rental property lenders, here is a helpful glossary of terms you need to know to understand investment property mortgage lending like a pro.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Types of Rental Property Lenders<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">While a lot of these aren\u2019t official and can have some overlap, here are the types of lenders that you will encounter when getting loans for your rental properties:<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Non-QM lenders<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">These are lenders that provide mortgage loans, both for owner-occupied&nbsp;<\/span><em><span data-preserver-spaces=\"true\">and<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;non-owner-occupied (rental properties), that&nbsp;<\/span><em><span data-preserver-spaces=\"true\">do not qualify<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;for CFBP mortgage requirements, which generally are&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/files.consumerfinance.gov\/f\/201310_cfpb_qm-guide-for-lenders.pdf\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">defined as loan requirements for purchase by government-sponsored enterprises<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;(GSE). Qualifying mortgage loans typically require stable W-2 employment and DTI ratio requirements, so non-QM lenders primarily serve homeowners who are self-employed or employed as 1099 contractors, non-U.S. citizens, and real estate investors.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">DSCR lenders<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">These are private lenders that lend a specific loan product\u2014<\/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\">DSCR loans<\/span><\/a><span data-preserver-spaces=\"true\">\u2014and these lenders only provide loans for investors. These lenders have proprietary guidelines that do not have to confirm to GSE agency guidelines. DSCR lenders strictly serve real estate investors, particularly those investors who are scaling past a couple of properties (and thus struggle to qualify for conventional loans), or those who are pursuing innovative strategies such as the&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/brrrr-loans-what-are-the-options-and-how-do-dscr-loans-stack-up\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">BRRRR method<\/span><\/a><span data-preserver-spaces=\"true\">, short-term rentals, and&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/multifamily-dscr-loans\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">multifamily<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;investing.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Banks<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">While many real estate investors use the term \u201cbank\u201d to describe all lenders that offer rental property loans, banks should be differentiated as financial institutions that operate under strict licensing and regulatory requirements.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Conventional lenders<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">These are lenders, including banks and lenders that can also offer non-QM loans, that primarily focus on qualifying mortgages or loans that follow the standardized GSE requirements.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Private lenders<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Private lenders should be defined as mortgage lending companies that are not non-banks (and thus not subject to banking regulations and licensing requirements) but also have all the infrastructure of a lending company (including necessary licensing, infrastructure, and capital). Private lenders primarily focus on serving real estate investors and can be much more forward thinking and flexible than heavily regulated and standardized peers (such as banks and conventional lenders).<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Private money<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">The term \u201cprivate money\u201d should be differentiated from private lenders. Private money generally refers to individuals who invest in real estate through lending personal capital, rather than as a full-fledged lending company.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Hard money lenders<\/span><\/h3>\n\n\n\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/hard-money-loan\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Hard money lenders<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;are typically private lenders that typically lend on higher-risk real estate projects, such as properties that need heavy rehab or for borrowers that have challenged credit. These loans are typically of short duration and have higher interest rates and fees, and aren\u2019t used for stabilized properties.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">While these definitions are distinct, there is much overlap between the lending types, where one lender can fall into multiple categories. Common examples of this include private lenders that are both DSCR lenders and hard money lenders, or banks that offer conventional and non-QM mortgage loans.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Rental Loan Acronyms to Know<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Many industries can be intimidating to newcomers, as a flurry of acronyms is tossed around when people first dive in. Unfortunately, the rental property loan space is guilty of this. Here are some helpful definitions to illuminate commonly used terms to know.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">ARV: After-repair value&nbsp;<\/span><\/h3>\n\n\n\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/estimate-arv\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">After-repair value<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;is the value that is&nbsp;<\/span><em><span data-preserver-spaces=\"true\">estimated<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;for a property after planned renovations are done. It is typically done at the beginning of a renovation project (such as when doing the fix-and-flip or BRRRR method strategies) by a hard money lender, and determines how much will be lent.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">DSCR: Debt service coverage ratio&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This is the ratio of the revenue from the property, divided by the expenses associated with the property. A DSCR ratio of 1.00x means a property that is \u201cbreaking even,\u201d or revenue equals expenses. A DSCR ratio greater than 1.00x means the property is \u201ccash flowing,\u201d whereas a DSCR ratio less than 1.00x means the property is \u201closing money\u201d every month.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Note that for DSCR loans, the DSCR ratio is&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/questions-and-answers-about-dscr-loans\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">calculated as rent\/PITIA<\/span><\/a><span data-preserver-spaces=\"true\">, while DSCR ratios for commercial real estate loans is typically calculated as net operating income (NOI)\/debt service.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">ARM: Adjustable rate mortgage<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This is a mortgage loan in which the rate is not fixed throughout the entire term. Many rental property loans, particularly DSCR loans, that are ARMs are better described more as a \u201chybrid (fixed-to-ARM)\u201d structure, where the rate is not floating throughout the&nbsp;<\/span><em><span data-preserver-spaces=\"true\">entire<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;term; rather, it is fixed for an initial period (typically five or seven years) before then floating on a designated schedule.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Typically, DSCR ARM loans are described with two numbers in shorthand, such as \u201c5\/1.\u201d The first number refers to the initial fixed-rate period, and the second number refers to the frequency that the rate adjusts\u2014in this case, every \u201cone\u201d year after the first five years of the term.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">LTC: Loan-to-cost&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This ratio measures the loan amount compared to the cost of the purchase and any renovations to the property. Note that it is distinct from LTV (loan-to-value), which represents the ratio of the loan amount to the&nbsp;<\/span><em><span data-preserver-spaces=\"true\">value<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;of the property.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">One of the foundational cornerstones to building wealth in real estate is that the end value of the property is greater than the costs put in (\u201cforced appreciation\u201d), so whether doing the BRRRR method or fixing and flipping, the goal should have a LTC higher than LTV.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">LTV: Loan-to-value&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This is a key metric in rental property loans, comparing the loan amount to the value of the mortgaged property.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">MTR: Medium-term rental (or \u2018midterm rental\u2019)&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This refers to investment properties that offer stays for greater than 30 days but less than full-year leases. Typically, these are aimed at traveling nurses, families displaced from a home renovation, or academic professionals, and&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-invest-in-medium-term-rentals\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">have 30-to-60-day stays<\/span><\/a><span data-preserver-spaces=\"true\">. These fall in between short-term and long-term rentals.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">PITIA: Principal + interest + taxes + insurance + HOA&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This acronym is for the standard monthly payment on DSCR loans. The principal and interest part represents the debt service payment to the lender, while taxes, insurance, and HOA dues (if applicable) represent payments on important expenses that are often collected and escrowed by lenders. The \u201ctaxes\u201d in PITIA refer to property taxes, while \u201cinsurance\u201d refers to property insurance (and flood insurance, if applicable).<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">PUD: Planned unit development&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This refers to a property that is generally a stand-alone home but part of a community, typically with an HOA and monthly dues. PUDs may also have usage rules that would not apply to standard single-family homes.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">RTL: Residential transition loan&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This is a term typically for hard money loans used for renovations and rehabs of properties (transition from distressed to stabilized). This term is typically used more in financial and securitization circles, but referred to as hard money or bridge loans among investors.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">STR: Short-term rentals<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This is becoming the standard term for short-stay investment properties, generally offered for stays less than 30 days, but typically for weeklong stays or less. While a lot of investors use STR interchangeably with Airbnb, many real estate investors have transitioned to preferring the STR term to better encompass the strategy, particularly as people operate their properties on multiple platforms.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em><span data-preserver-spaces=\"true\">Bonus:&nbsp;<\/span><\/em><span data-preserver-spaces=\"true\">SFR: Single-family rentals or single-family residence?&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This has become a confusing term in real estate lending, as nobody seems certain if the popular SFR term means a single-family residence or a single-family rental. While they seem the same at first glance, there is a pretty strong distinction in that rental implies a non-owner-occupied property, whereas a single-family residence could include any housing stock that is one unit. It\u2019s important to note this distinction when dealing with lenders.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Other Rental Loan Terms to Know<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">The following are additional examples of terminology that will definitely benefit real estate investors. Some of these terms are particularly noteworthy because they can mean different things with the same term or have many different meanings in other industries and contexts.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Blanket loans&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">These kinds of loans are&nbsp;<\/span><em><span data-preserver-spaces=\"true\">one<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;loan secured by<\/span><em><span data-preserver-spaces=\"true\">&nbsp;multiple<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;properties. Sometimes these are also called \u201cportfolio loans.\u201d<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Cash-out refinance&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This is a refinancing transaction where the borrower receives $2,000 or more at closing (after taking into account payoffs of any prior debt, escrows, and closing costs).<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Cost basis&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This term refers to the amount of money invested by the real estate investor into the property, typically the purchase price plus the renovation costs. Many lenders will have requirements and limits around lending past cost basis on cash-out refinances with short seasoning periods.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Prepayment penalties&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">These are provisions in rental property loans that require borrowers to pay a penalty if the loan is prepaid (partially or in full) prior to the end of the term.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">A key distinction between DSCR loans and conventional loans or non-QM loans on owner-occupied properties is that DSCR loans typically come with prepayment penalty provisions, while those are not allowed or offered for the latter loan types. Typically, for DSCR loans, these penalties will have a \u201cdescending\u201d structure and will simply be an extra fee equal to a certain percentage of the remaining loan balance.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Common structures are \u201c5\/4\/3\/2\/1\u201d or \u201c3\/2\/1,\u201d where each number represents the percentage fee for a year. For example, 5\/4\/3\/2\/1 refers to a 5% penalty if prepaid in year 1, 4% if prepaid in year 2, 3% if prepaid in year 3, 2% if prepaid in year 4, and 1% if prepaid in year 5. Then, assuming it\u2019s a 30-year mortgage loan, any prepayment made in the last 25 years of the term would have no associated penalty.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">A few more important things to note on prepayment penalties is that larger-balance commercial real estate loans will have different\u2014and typically more stringent\u2014penalty structures, and even \u201clockout\u201d periods where prepayment is totally prohibited. Also, some states have restrictions or bans on prepayment penalties offered on DSCR loans at all.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Seasoning&nbsp;<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">This term has nothing to do with making dinner\u2014it refers to the amount of time the property is owned by an investor. It is typically used in the context of when a property is eligible with a particular lender to be refinanced and usually expressed in months. Many lenders will have minimum seasoning requirements before doing cash-out refinances, with banks and conventional lenders being more conservative and typically having longer seasoning requirements than private lenders that specialize in DSCR loans.<\/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\/dscr-loans-terms-to-know',\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>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\/dscr-loans-terms-to-know&#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>To help investors master the\u00a0world of DSCR loans\u00a0and know how to effectively communicate and work with rental property lenders, here is a helpful glossary of terms you need to know to understand investment property mortgage lending like a pro.<\/p>\n","protected":false},"author":613643,"featured_media":157668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7402,7119],"tags":[],"class_list":["post-157664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-traditional-loans","category-biggerpockets-daily"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/157664","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=157664"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/157664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/157668"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=157664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=157664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=157664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}