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Andrew Kraft has started 1 posts and replied 3 times.

Quote from @Randa Dehaan:

Quote from @Andrew Kraft:

Live in California and planning on purchasing out of a state investment property in Cleveland Ohio and grow my portfolio from there. What financing approach would be best for acquiring multiple properties over long term. Any feedback would be appreciated

If you don’t want to move, you could do a conventional investment property if you’re able to qualify - it would have better terms/pricing than DSCR. However, if you’re looking to build a portfolio, DSCR is a great option. No income needed from you, and you can close in an LLC.

Hi Randa, thank you for your feedback, much appreciated!

1 Vote

Cleveland, Ohio

Quote from @Jacob St. Martin:

Assuming that you are interested in single family investing I would recommend using conventional loans until you max out your DTI and then switching to DSCR loans

Thank you for your feedback, I thought might be better to start off with DSCR as that way I wouldn't tap into DTI.

0 Votes

Cleveland, Ohio

Live in California and planning on purchasing out of a state investment property in Cleveland Ohio and grow my portfolio from there. What financing approach would be best for acquiring multiple properties over long term. Any feedback would be appreciated

3 Votes

Cleveland, Ohio