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Updated 12 days ago on . Most recent reply

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Funding for flip or long term rental

Chrissy Anderson
Posted

I'm looking to break into real estate investing but I have too high a DTI to qualify for a conventional loan or HELOC. Does anyone have advice as to what route I should take? Even hard money lenders are iffy because I don't have a track record. Thank you.

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Erik Estrada
#3 Mortgage Brokers & Lenders Contributor
  • Lender
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Erik Estrada
#3 Mortgage Brokers & Lenders Contributor
  • Lender
Replied
Quote from @Chrissy Anderson:

I'm looking to break into real estate investing but I have too high a DTI to qualify for a conventional loan or HELOC. Does anyone have advice as to what route I should take? Even hard money lenders are iffy because I don't have a track record. Thank you.


Sounds like you might benefit from a DSCR loan

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LuxePrivate Investments LLC
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