Vacation Rental Loans in Lead, South Dakota
Have you contacted your local bank and they gave you the same story they give all real estate investors, we need your last 2 years of tax returns, we need to know how long you have been in the rental industry, what kind of experience do you have.
REO Lending is 100% different than a typical lender. We lend based off of the income potential of a rental property. We do a Fair Market Rental Appraisal(FMR) when we do the traditional appraisal. The FMR shows us what the rental income of the property should be and that is how we come up with the Debt Service Coverage Ratio(DSCR).
We also offer loans for Short-Term Vacation Rentals in Lead, SD. We use a service called AirDNA. AirDNA collects short-term vacation rental data from thousands of sources, including Airbnb and Vrbo/HomeAway, to build a comprehensive view of what your vacation rental property should rent for every month. AirDNA data paired with the appraisal is how we lend based off of the income potential of a rental property in Lead, SD.
The Rental Loans we offer in Lead, SD, HELPS investors purchase rental properties with 30 day closings.
How often have you went to your local lender and they asked for a pile of documents a mile high and they still end up denying you a loan. We have fast 30 day closings and we offer full amortization even on Short-Term Vacation Rental properties.
When you look at a lender, make sure you look for one that is willing to work WITH you and help you SUCEED in the rental markets. We have the most recurring borrowers in the industry as we have NO CAP on the amount of rental loans someone can have.
OUR Lead South Dakota BORROWERS LOVE WORKING WITH US
We can’t stress it enough— we place unparalleled value on building long-term relationships, providing superb customer service and providing high quality loans for our clients. Our Lead, South Dakota Rental Loans are very competitive and our clients love us!
“Not all lenders are the same! I say this because we’ve worked with over 10 others and none provided the same level of service and communications as Matt and his team. If you’re willing to invest in real estate, you should work with a lender that actually delivers, this should be your go-to company. They understand the importance of ROI, and always wfinds a way to make it happen.
Phenomenal support since day one from this company. How could anyone not be satisfied with a lender who can close most loans within 30 days and offer full 30 year amortization on their loans. I’ve dealt with a lot of lenders so it is very relieving to have come across REO Lending
Thanks REO Lending!”
Real Estate Agent
“If I could give REO Lending 6 stars I would! I have been very impressed with the support I am getting with my 5th rental loan. They have taken me seriously and have helped every step in my investment property journey.
Jason has been great. He always follows through with what he says he’s going to do and is always available for my questions and concerns on the phone or in-person.
I would definitely recommend REO Lending to any business, except for one that is trying to buy the exact same property as me.”
New Real Estate Investor
“I could not be any happier with REO Lending and their staff.
A few yearss ago I started a small business. As with most new businesses it takes some time to get started and progressing. I was able to finance my first Short-Term Rental Property and ever since it has really ballooned into something I could have only imagined for myself.
Matt and his team were extremely patient and pleasant to work with. They explained the entire process and they were easily reachable when I had question
Using them as an asset is one of the best decisions I’ve ever made for my new business. I can not recommend them enough! Thanks so much!”
Vacation Rental Investor
ARE YOU READY TO GROW YOUR INVESTMENT PORTFOLIO?
Use the form below to contact us. We look forward to learning more about you, your organization, and how we can help you achieve even greater success.