need lender who understands cost segregation on taxes

[Steve Armstrong]

We are trying to buy a short term rental, and need a good lender. The lender needs to understand cost segregations / accelerated depreciation on our tax returns. I appreciate your help! Steve

[Dave Stokley]

Assuming you showed a loss and need to convince them you really didn’t lose money? Good luck, underwriters don’t think like that.

You're better off getting a DSCR loan from one of the lenders that will use Airdna data for the income side. Check out Host Financial and Aloha Capital.

[Lyndsay Zwirlein]

Quote from @Steve Armstrong:

We are trying to buy a short term rental, and need a good lender. The lender needs to understand cost segregations / accelerated depreciation on our tax returns. I appreciate your help! Steve

Hey Steve! If the deprecation from your cost seg is listed on the schedule E of your tax returns, that can be added back and used in the rental income calculation. Happy to help if you need a set of eyes. I am a loan originator (and STR investor) for conventional and DSCR loans.

[Basit Siddiqi]

It is pretty standard for lenders to add back non-cash expenses such as depreciation for DTI calculations.