May 2023 - Do NOT pay over 8% for your Short-Term-Rental-Friendly DSCR Loan!

[Alex Bekeza]

I'm reaching out to all of my short term rental clients to check in and let them know we have been developing some unique ways to get 1-4 unit short term rentals done at competitive rates. Right now, our secret sauce is a new appraisal form type that only a few AMCs offer and very few lenders will consider or be aware of. This new form allows us to order a 1007 rent schedule with SHORT TERM RENTAL COMPS. Traditionally, DSCR loans that allowed STR have always wanted DSCR to be calculated on long term rental rates OR 12 months of actual performance or some heavily hair cutted version of Air DNA and all of these products would price gauge on rate. This allows us to by pass both of those issues and today's rates sit in the 7s for 30 year fixed (not a far cry from Fannie/Freddie at the moment). We do all of this with NO TAX RETURNS and no DTI calculations whatsoever. It's a very business purpose, subject property based approach.

We can do these more or less nationwide except the following states - AZ, ID, MI, MN, NV, NJ, NY, NC, ND, OR, SD, UT, and VT. (rural properties okay at reduced leverage).

www.brrrrstrategyfunding.com

Work with the most highly reviewed team of loan officers on BiggerPockets.com who also do their OWN BRRRR investing and speak your language!

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How to request free quotes:

• 12, 18, or 24 Month Purchase & Rehab Scenarios - Purchase & Rehab Inquiry
  
• 30 Year Fixed DSCR Scenarios - 30 Year Fixed Inquiry please type "STR" next to market rent figure ;)