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Updated 3 months ago on . Most recent reply

User Stats

27
Posts
9
Votes
Chris Peregoy
  • Wholesaler
  • Southern California
9
Votes |
27
Posts

DSCR loan AND financing down payment?

Chris Peregoy
  • Wholesaler
  • Southern California
Posted

Hi amazing BP community! I've had such great success in connecting here! 
i have a Buy and Hold opportunity in Memphis and am reaching out for a DSCR loan, but also am looking to find ways to finance my down payment and closing costs, and hope to make the number still work. Any thoughts, plans, schemes I could consider to accomplish this?

Most Popular Reply

User Stats

121
Posts
27
Votes
Jake Yuskaitis
  • Lender
  • New Jersey, USA
27
Votes |
121
Posts
Jake Yuskaitis
  • Lender
  • New Jersey, USA
Replied

it will be messy because you have no skin in the game. If you don't have cash for the deal, then I suggest the deal not be done. That being said, there are lenders who will not source funds, allow seller seconds, DP loans, etc.

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Frontier Funding LLC
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