All Forum Posts by: Jay S.

DSCR Ratio is good. 1 thing you can change is try giving 15% down payment.

Hi Carlos. Are they buying as primary or investment? Primary you can buy with 3.5% down but investment property for duplex, they can do 15% down payment DSCR loan.

@Michael Hyun: Have you heard of DSCR loans? They can be great options for investors like you who want to give less down payment and focus on growing their investment portfolio.

We do DSCR loans starting at 15% down payment and these loans don't care about your DTI.

DM me if you are interested and I can send the loan guidelines/matrix etc. 

From the pictures, it doesn't seem like any major work needs to be done. I'm not sure what you meant by fixing it. You guys can just rent it as it is. 

The violations part though can be tricky though. Also have you checked with Los Gatos officials about AirBNB rules?

Hey Tony. DSCR loans are GREAT options for investors like you who have multiple mortgages or who might have DTI issues.

We offer DSCR loans with only 15% down payment in all states of America. DM if you are interested and I can send details and guidelines.

Thank you. 

Hi Charles. Yes, DCRS is based off income of the property and If it is 1.25 and you credit score is 700+, you can easily get DSCR loan with 15% down rather than giving 25% down payment.

Dm me and we can go through your loan details if you are interested. 

Thank you. 

Yes, you can get a loan based on your assets even if you are not employed. DM if you have any questions. Thanks. 

Good questions Roy. I've some experience in dealing with these properties. Here's my 2 cents:

1. Yes, off course its possible well can dry up. I have an investment which runs on well and I check every year the water level in it. So far no issues but yes it can happen if drought comes to California and no rains for many years.

 2. Depends on the insurance you get IMO

3. Hard to give details here...

4. Some companies like Amerigas have automatic refill of propane - you just set it automatic refill and once they notice its low,  they come and fill it up 

5. Are you on H1-B Visa or OPT? DM me and can guide you through this in terms of Lending 

6. Depends on so many other factors - hard to give you a rate when we don't know your LTV, DTI, down payment, appraisal value, loan term etc.

7. Do what you gotta do man, don't think about everyone!  

8. Few internet companies provide service in those areas 

DM me if you have any questions or need help in Lending. Good Luck out there. 

 Will send you details. 

Welcome @Josh Raikin. I'm Loan Officer/Realtor based in Bay Area. Happy to connect!