The STR Home Financing Podcast

Welcome to Episode 58 of the podcast! Today, we’re diving into some exciting updates for investors, especially those using Debt Service Coverage Ratio (DSCR) loans. The reigns on DSCR loans have been loosened, and there are some key changes you’ll want to know about. We’re talking about reduced cash-out seasoning from 12 to 6 months, increased interested party contributions, and new guidelines for gift funds. We’ll also cover how minimum credit score requirements have shifted, changes to maximum loan-to-value (LTV) ratios, and increased cash-out limits. If you're an investor or thinking about expanding your portfolio, this episode will give you the insights you need to take advantage of these new opportunities!

https://www.strhomefinancing.com/

I’m excited to be joined by a special guest, Gil Chan, the CEO and Owner of CraftedStays. In this episode, we’ll dive into how CraftedStays is providing simple, effective solutions for property owners looking to build direct booking websites. We’ll also talk about maximizing conversion rates and, most importantly, how to become less reliant on OTAs like Airbnb and Vrbo. If you’re a short-term rental host or looking to optimize your business, this is an episode you don’t want to miss!

https://www.strhomefinancing.com/

In today’s episode, we break down the recent Fed fund rate cut – the first since 2020! With the Federal Reserve lowering rates by 50 basis points, we explore what this means for the housing market, mortgage rates, and home equity lines of credit (HELOCs). We’ll discuss how this move could impact borrowing costs, the potential for mortgage rates to drop further, and why now might be the time to act before the market heats up. Whether you’re a homebuyer, investor, or looking to refinance, this episode will help you understand the road ahead. Tune in to get all the details!

https://www.strhomefinancing.com/

In this episode, we explore why an annual mortgage review is crucial for every homeowner. As the financial landscape changes, so do interest rates, loan programs, and your personal financial goals. An annual review helps ensure that your mortgage aligns with your current situation and can uncover opportunities to save money, pay off your loan faster, or leverage your home equity. Join us as we discuss the benefits of regularly assessing your mortgage, how the process works, and why staying proactive can make a significant difference in your long-term financial health. Whether you're a first-time homeowner or an experienced investor, this episode will provide valuable insights into maximizing your mortgage strategy.

I am always happy to jump on a call www.STRHomeFinancing.com

In this episode, we're diving into the often confusing world of second home occupancy loans and how they intersect with IRS rules. Understanding the nuances between lender requirements and tax regulations can be tricky, especially for those looking to invest in vacation properties. To help clarify these complexities, I'm joined by CPA Ryan Bakke, an expert in tax strategy and real estate. Together, we'll break down the key differences, discuss common misconceptions, and offer practical advice for navigating both lender policies and tax obligations. Whether you're a current or prospective second homebuyer, this episode is packed with valuable insights to help you make informed decisions.

https://www.learnlikeacpa.com/store

I am always happy to jump on a call www.STRHomeFinancing.com

Ever had a DSCR lender tell you that a DSCR loan will not report on your personal credit? Things you should know...

I am always happy to jump on a call www.STRHomeFinancing.com

Jeff explores the critical topic of title transfers, focusing on its implications for short-term rental property owners. He addresses common concerns about triggering the 'due on sale' clause when transferring property titles to an LLC, highlighting the policies set by Fannie Mae. Jeff clarifies permissible title transfers, emphasizing the importance of maintaining control or majority ownership, and provides valuable insights for mitigating personal risk while maximizing investment opportunities in the short-term rental market.

I am always happy to jump on a call www.STRHomeFinancing.com

My favorite subject? Education clients on the true information around STR financing. In episode #51 I walk through a "marketing" piece designed to steer people towards DSCR. I blow up their efforts.

I am always happy to jump on a call www.STRHomeFinancing.com

In Episode #50 we cover the key questions to ask when shopping for a DSCR loan

Here are the questions I mentioned when interviewing a DSCR lender

I am always happy to jump on a call www.STRHomeFinancing.com

DSCR revisited! We walk through the basics of a DSCR loan and what it's used for

I am always happy to jump on a call www.STRHomeFinancing.com