Creative financing and investment rentals

[Dominick Preyer]

Hello BP forum, I've been an entrepreneur for quite some years now without a job that has backed me allowing to get traditional funding. I'm looking to expand my investment reach into other cities like KS City (specifically Wyandotte county) , Pittsburgh (Allentown), and Alabama (Huntsville).

#1. With not having the job backing me I'm looking for knowledge of how to show consistent income and not just a lump sum of funds as I wonder if I'd get rejected if trying to buy properties. 

#2 Does anyone have knowledge of these areas I've mentioned above. For instance, are they growing areas with future upside, not looking to cash flow necessarily but gain appreciation over the next 4-5 years. 

Thanks for reading and would love to get your feedback! 

[Erik Estrada]

Hey Dominick, 

If you have 20-25% down, the property debt services 1.00 (rents fully cover the mortgage), FICO is above 650, and you have an LLC, you can qualify for a DSCR loan.

Also many DSCR lenders do not season or source bank statements. So as long as the deal makes sense you have the financing.