Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

81
Posts
41
Votes
Joe Stout
  • Investor
  • Catonsville, MD
41
Votes |
81
Posts

DSCR based off Short term rental income

Joe Stout
  • Investor
  • Catonsville, MD
Posted

Hey everyone! Looking for a DSCR loan product based off of short term rental income.

I have a 2 bed 1 bath house in the mountains in PA absolutely beautiful. A comp on the other side of town is 305k. Seller wants something in the neighborhood of 650k for a property that grosses 100k a year. Just hard since it's still a single family home. 

I'm looking most at creative financing to buy the house, but thinking about exit strategy/ when it comes time for the balloon payment after 5-7 year term.

  • Joe Stout
  • Most Popular Reply

    User Stats

    21,320
    Posts
    18,875
    Votes
    Chris Seveney
    • Investor
    • VA
    18,875
    Votes |
    21,320
    Posts
    Chris Seveney
    • Investor
    • VA
    ModeratorReplied
    There is no creative strategy when the borrower wants 2X the value of the property
    • Chris Seveney
    business profile image
    7e investments
    5.0 stars
    3 Reviews

    Loading replies...