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Updated 3 months ago on . Most recent reply

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Joe Stout
  • Investor
  • Catonsville, MD
41
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81
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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

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    Chris Seveney
    • Investor
    • Virginia
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    Chris Seveney
    • Investor
    • Virginia
    ModeratorReplied
    There is no creative strategy when the borrower wants 2X the value of the property
    • Chris Seveney
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    7e investments
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    3 Reviews

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