Looking for a lender to purchase a 3-4 plex in LA

[Mike Day]

Hi all! I'm looking for a lender to purchase a 3-4 plex in LA. They must:

- Accept at least 75% of the income from the subject property, preferably 100%, & understand how to work with this type of income.
- Have reasonable rates.
- Understand how to work with investors who are self employed and using income from rentals to qualify.

Thanks for any leads! Thus far have had disappointing experiences with PNC (didn't understand how to estimate the income from the subject property--we went around and around in circles) and BOA (nice, but will only take 50% of that income).

[Devin Peterson]

DSCR loan products are your best friend here. You can use 100% of the rent to qualify for the payment. There are no personal income documents required. This is 100% what I would recommend. There are a bunch of reliable DSCR lenders on BP. Feel free to use the Build Your Team tab to find some referrals! Gl!