Is there DSCR Lender that does not require Downpayment

[Jayson Tuliao]

Hello BP Community. 

I am very new to RE Investment and hoping to get few advises. Is there any DSCR lenders that will help rookie like me to fund a duplex as rental property without a down payment? I do have 760+ credit score but just don't have money to make down payment at this time.

Any advise is welcome. 

Best,

Jayson Tuliao

[Timothy G Dunson]

Quote from @Jayson Tuliao:

Hello BP Community. 

I am very new to RE Investment and hoping to get few advises. Is there any DSCR lenders that will help rookie like me to fund a duplex as rental property without a down payment? I do have 760+ credit score but just don't have money to make down payment at this time.

Any advise is welcome. 

Best,

Jayson Tuliao

That's a great credit score but pretty much all lenders and loans will require some of your money in the deal. It is how the lenders and banks protect themselves. However there are ways to buy a property with none of your own money. For example the VA loan requires 0 down but are very strict on property condition so you probably won't be a great investment. Or people use a hard money lender who do still require a down payment but they use a partner's money who is getting a split of the proceeds of course. Let's connect and talk about what your next step might be to get into investment real estate.