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Updated 12 days ago on . Most recent reply

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James McGovern#1 Real Estate Agent Contributor
  • Flipper/Rehabber
  • Bloomfield CT
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Finding multifamily properties that fit dscr criteria

James McGovern#1 Real Estate Agent Contributor
  • Flipper/Rehabber
  • Bloomfield CT
Posted

Is there a secret to finding properties that qualify under dscr as everything in my market is overly expensive 

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Greg Kasmer
  • Rental Property Investor
  • Philadelphia
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Greg Kasmer
  • Rental Property Investor
  • Philadelphia
Replied

@James McGovern - What terms are you finding with DSCR loans? Are you sharing a deal or two with lenders to see how they react? I agree with Samuel that having a deal with negative leverage (buying a cap rate lower than interest rate) makes it VERY hard, unless their is substantial upside in the near term. I'm still sifting through many deals to get just a few that I submit offers on. Definitely still a numbers game!

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