South Dakota Rehab Lenders for Residential Rental Properties

Are you looking to rehab and hold residential rental properties in South Dakota? On this page you'll find a list of lenders that provide financing to help investors execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy in South Dakota's urban areas. You typically need some cash for the purchase (15% to 20%), some cash reserves in case the rehab goes over budget, and a FICO score over 680 to qualify for the long-term refinance. The maximum loan-to-ARV (after-repair value) for most lenders in South Dakota is 75%, but it could be lower depending on the rental income, location, credit score and other factors.