All Forum Posts by: Andrew Zamboroski

I want to buy a property for a short term rental.  I have roughly $100k in cash but essentially do not have the income to get another loan.  As an example, there is a property I wanted to buy for $280k.  I'd have enough to place a 20% down payment and cover many months of the mortgage but my income is essentially maxed for any loans. The property would cost ~$1800/month, the current owners say it generates $4000/month in revenue.  Even if that is untrue, there would still be plenty of room for us to make money on this place.  

Is it possible for me to get a mortgage in this type of situation?  Any other options?  

Hello community. Recently I was denied a DSCR Re-Fi Loan on a deal I bought a year ago. The house took me forever and until now to finish. I was a little over my head and had to fund the project with my personal debt. Now that I'm completely finish, I was denied for refinance. Should I just put this house on the market sell it and call it. Any advice?

what is the going mortgage rate for investment property? 

I'm looking to cash out refi a SFR rental property in Irving, TX. I live in WA. So I've been rejected by several national lenders now. Is it pretty much impossible? If not, please show me how. Thank you!

Hi,

I want to put a couple of rental properties that is currently owned under my sole member LLC into her name and then getting 30 year fixed conventional loan on them. These properties currently have 20 year commercial loans. If the LLC QCD them to her, does the 6 months seasoning on cash out refinance still apply? Would love to connect with a conventional lender that can work with this if no seasoning is required.

Hi,

Can I get a DSCR loan on an investment property at the time that I'm buying it even before its rented?

Lets say its an easy rehab and its vacant, the ARV won't be that much higher than the price I will pay at closing, will a lender give a 75% DSCR loan? (or maybe its a different type of loan?) With no seasoning? Will they take an average rent in the area to calculate DTI?

Hey BP! I am very interested to hear thoughts on this one. Let me know what you've got.

I have a property in my portfolio that I am looking to sell off market and creatively. I own a parcel with two homes on it and they are both currently rented out, bringing in $3,400 a month. Highly appreciating and sought-after area, well maintained, high-demand rental market with little to no vacancy. But the lot is nonconforming due to its nature (2 single family homes, 1 parcel) so it will not pass traditional financing/appraisal. We have tried and I have spoken to SEVERAL lenders. Deals have fallen apart on it because of that. We have also talked to the township to ensure everything is legal and good and they have zero problems with the property but due to current zoning and allowances, traditional lending/appraisal standards don't love it. 

Obviously a cash buyer would be ideal. Any other thoughts for selling it? Also, to keep it off market (privacy reasons for everyone involved and unique nature of the property), are there any sites or ways to connect with investors that would be looking for a property like this? I am in some Michigan off market FB groups but that is as far as I have gotten. Should I connect with someone that may have a buyer list of investors? Where do I find good and reputable people?

Thanks!

Hey BP Fam,

We’re looking for a DSCR lender who gets rural STRs — and doesn’t mind a smaller loan amount when the numbers make sense.

The Deal:

We own a 2-bed, 2-bath cabin, hot tub, acreage, etc. on a private lake in rural Georgia. It just appraised at $240K, and we owe under $75K. The STR is bringing in $4K–$5K/month gross, reliably, thanks to steady demand from vacationers who want something peaceful, private, and not in a crowded city.

We’ve used DSCR loans before, specifically in the Savannah tourism market, and we know the ins and outs: DSCR ratios, prepay structures, rate buydowns, all of it. But now that we're expanding into rural properties, we're hitting a wall with lenders who:

• Don’t like rural zip codes
• Don’t want loans under $200K
• Require 12+ months of seasoning
• Don’t want to touch STRs unless they’re in major metros

The thing is, this deal crushes on cash flow and has a huge equity cushion. We’re not asking them to take a flyer — just to look at the actual performance. We are looking for a strong, long term lending product to settle this asset into, with room for additional doors.

Our Take on Rural STRs:

Rural STRs — especially unique, experience-driven stays like lake cabins, tiny homes, and farm getaways — are one of the most overlooked opportunities right now. You get:

Lower cost per door
Less local regulation
Strong guest demand for “off-grid” and “unplugged” vacations
Great ROI with the right setup

We’re planning to scale this model across several similar properties and think there’s a real lane here.

What’s Everyone Else Seeing?

I'm new hear and really excited to hear from the BP community:

• Have you had success getting DSCR loans on rural STRs?
• Which lenders were actually willing to look at smaller deals with real cash flow?
• Have you found creative workarounds when seasoning or zip code became a problem?

Drop your stories, wins, lender recs, or even horror stories — we’re trying to learn and share as we grow. Might even do a follow-up post on what we find if there’s enough interest.

Thanks y’all — excited to hear what’s working (and what’s not)!

—
Let’s keep building,
Billy
🏡 STR / Multifamily Rehab Investor | GA & Beyond
DSCR-experienced | Savannah ➡️ Rural Expansion

I just have a quick question on the post rehab ARV importance when refinancing into a DSCR. Basically the property we just purchased had a SOW that we've just been told, basically, cannot be done within our rehab budget. The contractor we had working with us on our SOW for the loan and was to do the project ghosted us and bailed and now we are being told by new contractors we are getting bids from that our initial plan requires way more work and finances than we were told. We were planning to convert an already existing tri plex into a 4 unit by splitting one of the units and then adding a 2nd bathroom in another unit. These current contractors that are giving us estimates are saying we need architectural plans to create the 4th unit and a sprinkler system…so that plan is shot. We went back with ‘ok lets not divide the unit but just add the extra bathroom in an already existing laundry room that already has plumbing" and again being told this requires architect plans. At this point this project has already been delayed almost 3 months and the rehab hasn't event started. My question is that is there going to be an issue when we the rehab is done and we refinance if we don't hit that rehab loan ARV? As we aren't going to be able to convert into a 4 unit or add an additional bathroom I don't see how we can hit that ARV now, other than now we do have to do a new roof, which wasn't included in the initial valuation.

Any assistance is appreciated, this whole project has me losing my mind….

Thanks so much—I’d absolutely love to connect regarding STRs!

It's great to hear that you can assist with both short-term and long-term financing for the BRRRR strategy. I'd be happy to set up a time to chat and go over everything in more detail.

Let me know the best way to connect