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Updated 2 months ago on . Most recent reply

New to Investing. Looking for a lender to partner with. Leaning towards hard money.
Will DSCR lenders work with newbies? I don't have a single deal done yet. I've reached out to a few who need an experienced contractor to co-sign. Is this normal? It makes me think maybe private money to start?? Not sure.
Any advice is appreciated.
P
Most Popular Reply

Yes a DSCR will work with a newbie. But a DSCR is a loan where the property is already renovated and ready to be leased or is leased. If you are using a contractor then its a fix and flip loan, there are a few out there who work with newbies but most want to see some type of track record.
- Chris Seveney

7e investments
16 Reviews
5.0 stars