🔍 Underwriting Tip: Always Run the Numbers as a Long-Term Rental First
When underwriting a deal, always start with long-term rental (LTR) numbers…every time!
🚫 Never base your deal on:
• Section 8 rents
• Airbnb / short-term rental projections
• Best-case or “pro forma” rent assumptions
Why this matters 👇
✅ LTR is the baseline reality
It’s the most stable, lender-accepted, and market-tested income source.
✅ Protect your exit strategies
Regulations change. Markets shift. Airbnb and Section 8 can vanish. LTR demand stays.
✅ True risk exposure
Short-term and Section 8 numbers often mask vacancy, regulation, and management risk.
🧠 The Pro Rule
If it doesn’t cash flow as a long-term rental, it’s not a deal, it’s a gamble.
Once it works as an LTR, then you can layer in:
✔️ Section 8
✔️ Airbnb
✔️ Mid-term or furnished rentals
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Jayme Uberto
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🔍 Underwriting Tip: Always Run the Numbers as a Long-Term Rental First
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