How to Finance Midterm Rentals

How to Finance Midterm Rentals
Hey Beau, I’ve been investing in real estate for several years. I focus on acquiring properties that are close to hospitals. I place traveling nurses and medical staff in them. These are furnished rentals. We typically see 2x the normal long-term rents. I can’t finance these conventionally. DSCR loans sometimes don’t allow me to go to the max leverage possible.

Most of these acquisitions are light cosmetic fixers that I put $10 to $30k into plus furnishings.

How would you recommend financing the acquisitions to keep the out-of-pocket costs at a minimum?

Thanks, Carl

Timestamps
[00:48] Do bridge debt if you are getting a good deal like cosmetic fixers
[00:59] Maximum loan that you can do between the purchase and the construction
[01:10] The best way to leverage these type of deals
[01:21] 24-month term as an option
[01:36] What can you do with the furnishings?
[02:17] Finding value-add deals that are close to hospitals to leverage your money
[02:42] What to do if you are not going to qualify from a DSCR standpoint?
[02:50] The ultimate way to leverage

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#MidtermRentals #CorporateRentals #TravelingNurse

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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