3 month cash-out DSCR in WI

[Greg Neuman]

I am looking to do a DSCR cash-out refinance of a rental property that I own free & clear, but have only owned for a little over 3 months. Looking for 30 year fixed rate options. I do have a few other unique aspects of my situation, that I'll note below along with the property details.

* Property is owned in an LLC. The LLC is owned by my revocable family trust that my wife and I are the only trustees of (have a certificate of trust that can be provided).

* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.

Property Details:

Duplex located in Wisconsin (city of approximately 9,000 people)

Purchase date:  05/10/2024

Purchase Price:  $85,000

Rehab:  $31,000

ARV: $140,000 (still need to have appraisal completed - this is based off of my comps)

Projected rent:  $1,450 / month (just listed so no leases yet.  Tenants pay all utilities)

Taxes & Insurance:  $149 / month

Please reach out if you have any solutions that you can provide or if you would like to discuss more details of the project. I currently own 47 rental doors and want to continue to do the cash out BRRRR strategy. Many of my projects will look similar to this example.

[River Sava]

Hi Greg, 

Happy to connect and point you in the right direction. Sending you a dm!