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Updated about 3 years ago on . Most recent reply

User Stats

65
Posts
24
Votes
Cameron Fowler
  • Real Estate Agent
  • Indianapolis, IN
24
Votes |
65
Posts

Proving Income on a STR New Property

Cameron Fowler
  • Real Estate Agent
  • Indianapolis, IN
Posted

How can I prove to a bank that a property is going to make money based on projected numbers? I think more specifically is it even possible? My thought process is that I do not have the funds to purchase a house but I have a very high credit score and if proving to a bank that a specific property can produce significant cash flow will persuade the bank to loan me the money. I am more than welcome to other suggestions. 

Most Popular Reply

User Stats

40
Posts
36
Votes
Jen Whitehead
  • Real Estate Agent
  • Southern Maine
36
Votes |
40
Posts
Jen Whitehead
  • Real Estate Agent
  • Southern Maine
Replied

There are lenders that are knowledgeable about short term rentals and their bread and butter are DSCR loans that will take into account projected income. I think it may be against the rules to post specific companies here.

  • Jen Whitehead
  • Loading replies...