All Forum Posts by: Emmanuel Duah

Thank you for the feedback everyone! I'm going to try for a bridge loan first to secure it, and then cash out refi after some light work to reach target ARV.

I'm considering buying a rental-ready, off-market property. It'll likely appraise around $385K, but I may be able to purchase it for $270K–$300K. Since it doesn't need any work to rent, I'm exploring DSCR loan options and ideally looking for 80% LTV based on the appraised value, and not just the purchase price. So it'll function more like a BRRRR without needing a rehab.

Has anyone structured a deal like this successfully? Any lenders you'd recommend who do this? Would love to hear your experience or suggestions. 

Thanks ahead!