DSCR Loans: The Shocking Truth About Qualifying Without Income—and Why It Could Make or Break Your Next Investment Deal
Ashley:
Do we refinance it and hold it as a long-term rental? That would give us a 46 K loss. That would rent for about 2200 per month, which would be negative cashflow. We refinance it and run as a short-term rental or midterm rental. We would keep the 46 K into the deal, that’d give us about $300 per month, but we’d also need to put in additional money about 12 K to furnish it. And self-managing would be tough and we’d have to find a property manager then pay that out of our cashflow. The last thing is to finish and sell, and that would be a 27 K loss. So don’t even go ahead and finish the rehab, just sell it as is. And that would be the 27 K loss. So what would you do in this situation? Has anyone else been in a similar situation? And if there are experienced investors listening, they’re going to say yes.
Post Comment