Financing question for investment property
I'm looking to finance my 2 investment property which is a new townhome. Are there any specific financing companies that will finance the property and not count against my DTI?
Quote from @Yogesh M sayanakar:Look to use a DSCR loan or you can try to find sellers that would consider owner financing
I'm looking to finance my 2 investment property which is a new townhome. Are there any specific financing companies that will finance the property and not count against my DTI?
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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You need to use DSCR lending, you qualify based off rents coming in not personals
Quote from @Yogesh M sayanakar:It sounds like you need to find a company that wont report to your credit bureau. DSCR doesn’t consider your current DTI as a part of the underwriting process but you need to find a lender who wont report to your credit for subsequent properties.
I'm looking to finance my 2 investment property which is a new townhome. Are there any specific financing companies that will finance the property and not count against my DTI?
- 262.955.5168
- https://barrettfinancial.com/lzwirlein
- [email protected]
Thanks, Can I refi a conventional loan into a DSCR loan?
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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You DSCR lending
@River Sava can help
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Quote from @Yogesh M sayanakar:
Thanks, Can I refi a conventional loan into a DSCR loan?
You can refinance a conventional loan into a DSCR loan. Rate and fees may be prohibitive in this rate environment, but if you're looking for cash out for another project and can't do a HELOC, then DSCR works.
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Broker
- US Commercial
Quote from @Yogesh M sayanakar:Hey Yogesh I sent you message. I think everything you're looking to do sounds reasonable and possible. You shouldn't have any trouble accomplishing your financing goal.
I'm looking to finance my 2 investment property which is a new townhome. Are there any specific financing companies that will finance the property and not count against my DTI?