Updated 5 months ago on . Most recent reply
Finding multifamily properties that fit dscr criteria
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
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- Philadelphia
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Greg Kasmer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- Philadelphia
@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!