Dscr investing markets
What is the best market to find Dscr approved properties? Preferably looking for Airbnb friendly destinations / regulatory areas. And / or mid term rental friendly areas!
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Hi Julianna-
Great question! You are looking for markets to invest where you can use a Debt Service Coverage Loan where the income from the property is strong enough to qualify for the mortgage. You are also interested in short-term rental and mid-term rental friendly markets with landlord friendly policies.
The Midwest remains affordable with a diverse economy which drives housing demand. Michigan, in particular, is surrounded by water with abundant natural resources and is a popular vacation destination for short term and mid-term rentals with mostly reasonable housing regulations. There are also many long term rental markets with housing demand that cashflow well.
Happy to help!