Looking for a lender mentor

[Donyea Jenkins]

I think I am almost ready to take the leap into investing. I have seen deals that I was researching be purchased so I know I'm on the right track for what I am looking for. I am open to hard money now and have a couple of products I am interested in thanks to talking to one of the lenders in the Bigger Pockets Community. Hoping to find someone who is willing to walk me through how to use the products correctly. The products I am looking at are:

Purchase and rehab loans 

DSCR loans

My biggest question is the transition from Purchase and Rehab Loan to DSCR Loan and how that looks. Also, how my niche, Total Rehabs, may make it harder to use hard money. Any direction is appreciated and look forward to talking to you.

[Andrew Zamboroski]

Quote from @Donyea Jenkins:

I think I am almost ready to take the leap into investing. I have seen deals that I was researching be purchased so I know I'm on the right track for what I am looking for. I am open to hard money now and have a couple of products I am interested in thanks to talking to one of the lenders in the Bigger Pockets Community. Hoping to find someone who is willing to walk me through how to use the products correctly. The products I am looking at are:

Purchase and rehab loans 

DSCR loans

My biggest question is the transition from Purchase and Rehab Loan to DSCR Loan and how that looks. Also, how my niche, Total Rehabs, may make it harder to use hard money. Any direction is appreciated and look forward to talking to you.

Usually the transition from hard money to a DSCR is much easier than a typical refinance. With shorter seasoning periods (or none), you can usually refinance once the property is complete up to 75% of cashout. Happy to answer any specific questions.