Do all your STR's show up on your personal credit?

[Jake Chial]

Maybe this should go into the lending side, if so please move it. This is the form I follow most so posting it here.

I'm looking to get into STR's. Im as the point of lending. I know some of you have 1+ STR's. My question is reporting to personal credit. Do all of your STR's report to your personal credit?

Reason I ask, all the commercial building loans I hold up here in MN are in my LLC with a personal guarantee.The loan gets put into the LLC at the time of sale. Nothing gets posted to my personal credit. After speaking with a few of the lenders, all the loans get put into your personal name first. After that get moved into the LLC, but still report to my personal credit unless I go DSCR.

Reason I ask is, if you want to go buy something, refi your personal house, banks see all these loans your DTI will be horrible.

Thanks

[Doug Smith]

That is completely a function of whether or not your lender/servicer reports to the credit reporting agencies. Many DSCR lenders don't, some do...particularly if they are one of the larger conventional lending companies.