Qualifying for Short Term Rental Financing Using Your Seller's Past Rental Income

Qualifying for Short Term Rental Financing Using Your Seller's Past Rental Income

Hey Beau, I’m buying an existing short-term rental property. Can I use the last 12 months of income to qualify for a DSCR loan?

Thank you,
Rebecca

Timestamps
[00:17] Buying an existing short-term rental property
[00:28] How can you qualify for DSCR loans?
[00:38] Getting invoices or receipts from VRBO or Airbnb
[00:49] Reason why lenders will not do a straight projection-based loan
[00:58] Using the seller’s income history

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_________________________________________________________________________________________________ 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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