Updated 11 days ago on . Most recent reply
Does anyone do a DSCR loan for a single property under $100K?
Hello!
I am wondering if anyone out there knows or does DSCR loans for a single property selling for under $100K? I have my eye on two properties. One is a 4-plex for $165K with good cashflow (CoC ~16%). There is another property that looks very good too, selling for $85K, turnkey, that would be about 16-18% CoC. I would love to be able to bundle them into 1 loan, but have not found a lender who can loan on a single property under $100k, even when bundled with the other one. Does anyone have any leads or insight on how I might be able to acquire both properties? I have enough down payment and can get a DSCR for the 4 plex, but would not be able to swing the other, even by itself. Thanks for your help!
Most Popular Reply
Hi This post is old but if any one of you can share if you got lenders that can finance less than 100K?