This is a great long-term option for a 30-year FIXED rate loan. Most banks will only amortize for 15 to 20 years and have a balloon, or a rate reset at year 3 or year 5. This loan program is not only great for rental properties, but it can be used for short term rentals like Airbnb and VRBO. Our 30-year rental loan works great with our BRRR Loan to help you build your real estate portfolio. This loan can be made to an individual or an LLC and can be used to refinance your whole portfolio.
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Term: 30 Year Fixed
Rates: Competitive with traditional banks
Debt Service Coverage Ratio: 1.2X minimum preferable, capable of 1.0X refinances
Appraisal Required: Yes
Minimum appraised value: $100,000
Minimum loan amount: $75,000
Rental Requirements: Best if property is already rented
Seasoning: Must have owned the property for a minimum of 3 months prior to refinancing
Perfect loan to use with the BRRR Strategy
Cash Out Option: Yes, up to 75% of the appraised value
Portfolio: Yes
Lubbock is a thriving hub for short-term rental opportunities—from Red Raider game days to medical conferences and family visits, Lubbock offers strong and consistent short-term rental demand. With relatively low property prices and high nightly rates, the ROI potential is unmatched.
Don’t miss out on the short-term rental boom. Get the funding you need to create a guest-favorite property and start earning today.
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Don’t let slow banks or red tape hold you back. Partner with experts who understand your goals and the Lubbock real estate market.
