Updated about 1 month ago on . Most recent reply
DSCR based off Short term rental income
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.
Most Popular Reply
There is no creative strategy when the borrower wants 2X the value of the property
- Chris Seveney
7e investments
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