BRRRR the Cash out of a STR

[Alex S.]

Can you get an appraiser to consider STR income on a multi-family for a cash-out refi? Assuming they use the income approach, rather than comps.

I'm guessing the answer is "it depends," but I was hoping some of you have tried it and might have tips and tricks to share.

Are banks going to be leery of the high STR returns, compared to LTR and lending against that GRM value?

[Paul Sandhu]

Not going to happen.  They look at resale value, not cash flow value.