Updated over 2 years ago on . Most recent reply
Debt Service Coverage Ratio Loan (DSCR)
Morning Everyone!,
Does anyone have experience utilizing a DSCR Loan? I do not have any properties yet, but I wonder if this would be a sound strategy to get started with my first few deals.
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hi Jeffrey - Utilizing DSCR loans is a great way to jump into your first couple of deals!
You will need to put 20% down and rates will vary depending on a few factors. That being said, I'd love to help you out here where I can!
Also, check out this article you might find it helpful as you start your journey https://www.biggerpockets.com/...