All Forum Posts by: Debbie Fales

DSCR rates are coming down, so that may be something to consider. Depending on how rate sensitive you are, there are also zero-point DSCR options.

Good luck! 

We have seen DSCR rates come down in recent weeks, and they may drop further depending on what the Fed does tomorrow. Fingers crossed!

As for creative financing, zero-point DSCR loans enable investors to save money up front. This is a great option for borrowers who are less sensitive to interest rates and may be cash-strapped.

Sounds like you have hit the ground running. Congrats! Depending on a few factors like your credit score and construction experience, you should be able to get up to 85% of the build cost. 

Good luck! 

Honestly, one of the best ways for a newbie investor to get competitive rates and leverage is to partner up with someone who has some experience under their belt. Finding someone willing to take you under their wing takes networking - think REIAs, local meetups, and even the BP forums! 

Our clients came across a 1920s row home in Northeast DC and saw nothing but potential. They imagined a space versatile enough to house two families comfortably in a neighborhood known for its walkability and historic charm. Located in NOMA, this property presented a unique opportunity to create modern living spaces in a highly sought-after area.

The investors approached us with a plan for two beautifully appointed three-bedroom, three-and-a-half bath units. We ran the numbers and hopped on board, providing short-term fix-and-flip funding at an 85% LTV. Armed with a $550K repair budget, our clients took the property down to the studs and painstakingly rebuilt it, piece by piece.

The Results: Two Modern Duplexes

By creating two boutique condo units within this historic property, the investing team maximized every inch of space. The units feature high-end finishes and an airy, functional layout that lets the light shine in. Boasting custom cabinetry, private balconies, and a beautiful quartz island that is the heart of the home, this project has it all.

Located just blocks from the metro, Union Market, and H Street, new residents will enjoy NoMa's vibrant blend of dining, culture, and community right outside the door. More than just a home, this is a curated lifestyle in the heart of DC!

Available Investment Opportunity

One condo is currently on the market, with the other one to follow shortly. Purchase one and move right in or buy both and rent one out to create a passive income stream. It’s the best of both worlds since this strategy offers:

• Immediate rental income potential in a high-demand market
• Long-term appreciation prospects in a rapidly appreciating neighborhood
• Turn-key condition requiring no additional investment

Run Your Next Project By Us…

We’ve been doing this for a while now. Given our combined experience, we know how to analyze potential projects and craft flexible funding that delivers exceptional returns for our investor partners. We’ll let you know if the numbers make sense.

This sounds like a win-win for you. Generating passive income AND enjoying free vacations. You're living the dream. Congratulations! 

Our DSCR product is starting at 6.625% but trending lower. If you'd like to get a quick quote (at no obligation), please shoot me a DM.

Best of luck!

Hi Mary. Welcome to Bigger Pockets! OKC is a great market - lots of upside potential there. Are you looking at flips or rental properties? 

We have done some recent deals in TX and would be happy to connect. We lend on residential only - no commercial or mixed-use. Our max LTV for fix and flip is 75% but we can go up to 90/100 LTC.

If you'd like to learn more, DM me or give me a call at 888.444.3160 option 6. Happy to get you a free, no-obligation quote. 

Best of luck!

Debbie

I agree with most commenters that a DSCR loan seems like your best bet. Here are a few details on what we offer:

✅ Purchase, Rate Refinance, Cash-Out Refinance
✅ Loans From $100K to $3.5M
✅ Residential Single(1-4 Units) And Multi-Family (5-8 Units)
✅ 30-year, 20-year, and 15-year Fixed OR 5, 7, and 10-year ARM
✅ Credit 640+

The more experience you have and the higher your credit score, the better your rate and terms. Hope this is helpful. Good luck!