How To Finance a Short Term Rental

How To Finance a Short Term Rental

On this episode of the Investor Financing Podcast, Beau talked about the fundamentals to finance a short term rental property.

Timestamps
[00:12] How to finance a short term rental property
[00:36] We finance straight investment deals
[00:40] Anything that’s non-owner occupied strictly for businesses is what we talked about on the show
[00:51] Sometimes, a second home purchase might be more advantageous
[01:05] Mostly, we talk about DSCR loans
[01:20] What is short-term rental properties?
[01:45] What would this rent for as a long-term rental?
[02:09] Most DCSR lenders only use the rental survey information
[02:18] There are lenders geared for making short-term rental loans who uses AirDNA algorithm
[02:36] “Long-term rents will just never qualify you”
[03:06] Size up the deal
[03:23] Projection based loans and asset based loans
[03:34] Flex bridge loan program, a two-year term interest only payments
[03:47] Rates and terms are based on credit score and loan to value
[04:37] Do a two-year stabilized bridge loan if you don’t want to get trapped into a three or five-year pre-payment penalty
[05:04] Fix and flip loan as another option
[05:23] Feel free to book a call at http://bookwithbeau.com/

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💥 Thanks for watching 💥
#Shorttermrental #str #shorttermrentalfinancing

_________________________________________________________________________________________________ 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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🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

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