All Forum Posts by: Julia Lyrberg

Yes, that's correct! The standard industry practice is around a 1% origination fee, but the borrower can decide how many points they want to pay. If you plan to hold the property long-term, it might make more sense to pay a higher fee for a lower rate.

Hi Jasmine, as a DSCR lender, that's definitely possible, and we welcome LLCs as well. I'd be happy to run some numbers for you!

Hi Ian, as a DSCR lender, that sounds reasonable to me. You can choose to pay no origination fee, but it will come with a higher rate, which will likely cost you more in the long run.

I suggest starting with a single-family home if you are just getting started. Managing a multi-family property comes with a lot more challenges then managing a SFH. Learn how to manage SFH and scale up over time.

Hi Nevin, refinancing into a DSCR loan is definitely an option. Unlike conventional lenders, DSCR lenders are very open to working with LLCs. I'd be happy to run some numbers for you!

Hi Hadar, as others have mentioned, if you have the finances, purchasing your first investment property with cash could be a better option. You can rent it out, stabilize it to maximize cash flow, and then consider a cash-out refinance when you're ready to buy your next property!