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Private Lending & Conventional Mortgage Advice

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Michael Klein
  • Flipper
  • Gainesville, FL
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23
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Pre-approval wanted for out of state Buy/Hold Investment

Michael Klein
  • Flipper
  • Gainesville, FL
Posted May 5 2015, 10:01

Hello All,

I'm new to this realm. So I'm seeking advice for finding financing for some buy/hold properties I'm interested in investing (SFR and/or multi-unit dwellings.)

I currently reside/bank in Gainesville, Fl and want to buy a number of rental properties around Cleveland, OH. I believe I have a great credit rating (720+) and don't plan on financing anything that would result in a DSCR of less than 2.0.

I'd like to strike up a relationship with a lender such that I'd be "pre-approved" up to an agreed upon limit (perhaps, something like $200,000 to get started).  I would really appreciate any recommendations / advice on financial institutions I should approach. 

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