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New Investor: Advice on How to Build Portfolio with DSCR Loans
Hi. I am pulling out 140,000 on a property owned free and clear as a CASH REFI. I am trying to qualify with a Conventional loan, but if not I am going with a DSCR loan. My question is, once I receive the 140,000; would I be able to use this money as a down payment to purchase three other properties, using additional DSCR Loans, if I can show that the potential rents from each individual new house will cover the mortgage payment for each home? Thank you.
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I would be interested in getting your DSCR loan contact. Do they do all over the US? Thank you!