All Forum Posts by: Joe Cam

Excellent! Thank you! In my conversations with lenders, the topic of deeding into an LLC did come up. I will look into that topic with a little more detail. Much appreciated!

Hello,

My first post here and am hoping to find some advice/solution.

1. I am the financial power of attorney for a family member that had a stroke and does not have legal capacity to sign docs for themselves 

2. this family member has 5 properties in their revocable living trust, i am the trustee of the trust

3. I want to fund a DSCR loan to update/rehab one of the properties in the portfolio

4. a DSCR > 1.5 is reasonable given the market rents

Has anyone had a similar experience or can someone recommend a lender that can work under the details above.

Thanks,

Joe