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Updated over 3 years ago on . Most recent reply

Natalie Gelbke-Mattis's profile image
Natalie Gelbke-Mattis's profile image
Natalie Gelbke-Mattis
  • Rental Property Investor
  • from Cleveland Ohio
  • Member since Feb 24, 2019

User Stats

25
Posts
9
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Natalie Gelbke-Mattis's profile image
Natalie Gelbke-Mattis's profile image
Natalie Gelbke-Mattis
  • Rental Property Investor
  • from Cleveland Ohio
  • Member since Feb 24, 2019
Natalie Gelbke-Mattis
  • Rental Property Investor
  • Cleveland Ohio
9
Votes |
25
Posts
Creative Real Estate Financing

Asset based loans for investment purchase with no rental hstory

Natalie Gelbke-Mattis
  • Rental Property Investor
  • Cleveland Ohio
Posted

Are there Asset based loans (DSCR loans) available for purchase of an investment property that does NOT have a previous rental history. The property is located in a tourist area and is lakefront, but seller had as their 2nd home. If this is possible, what lenders would entertain this deal?

  • Natalie Gelbke-Mattis
    • Cleveland, Ohio
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    Eric Goldman's profile image
    Eric Goldman's profile image
    Eric Goldman
    • Lender
    • from Pennsylvania
    • Member since Nov 13, 2019

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    Eric Goldman's profile image
    Eric Goldman's profile image
    Eric Goldman
    • Lender
    • from Pennsylvania
    • Member since Nov 13, 2019
    Eric Goldman
    • Lender
    • Pennsylvania
    190
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    356
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    Eric Goldman
    • Lender
    • Pennsylvania
    Replied

    yes if your buying a rental property, they will go off market rent. does not need a previous rental history.

    • Eric Goldman
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