All Forum Posts by: Julio Burgos

Absolutely, I understand your concern about finding the right lenders for properties held within an LLC. When it comes to financing investment properties through an LLC, one option that could align well with your needs is the Debt Service Coverage Ratio (DSCR) loan.

DSCR loans are often considered a great fit for investors looking to purchase properties through an LLC. These loans focus on the property's income-generating potential rather than just your personal creditworthiness. The lender assesses whether the rental income from the property is sufficient to cover the loan payments and other expenses. This can be especially advantageous if the LLC's financials might not align perfectly with traditional lending criteria.

By leveraging the DSCR approach, you could potentially secure financing for your LLC-owned properties more easily. It's a strategy that acknowledges the unique financial structure of real estate investment and allows you to tap into the income potential of the properties themselves.

As you continue your search for lenders, be sure to inquire specifically about DSCR loans and whether they offer this option. Lenders experienced with real estate investment lending might have more tailored solutions that suit your LLC's objectives.

I be happy to assist you and talk more about the DSCR loan if you want to connect and chat, that's one of the best product I recommend to my investors!

Hi there,

Not all lenders will allow leases for anything less than 12 months, as you've mentioned, but there are options available. As Andy pointed out, a DSCR (Debt-Service Coverage Ratio) loan could be a suitable solution for your situation. Many lenders these days are comfortable with 70-75% Loan-to-Value (LTV) ratios, depending on creditworthiness. Your credit score of 750+ puts you in a favorable position to secure financing.

One significant advantage of a DSCR loan is that you don't need to provide income and employment documentation, unlike conventional financing. This streamlined process can make accessing the cash you're looking for much smoother.

Feel free to connect if you'd like to discuss this further. Your property's value and your credit score provide you with promising opportunities, and I'd be happy to chat more about your options. Best of luck with your investment plans!

It's impressive to see your dedication to pursuing a real estate license while actively serving in the military. Your commitment to both fields speaks volumes about your drive and determination. As a lender, and also AD Air Force I can relate; I am stationed at Eglin AFB, feel free to reach out!

Welcome to the world of real estate investing! Dealing with seasoning periods before refinancing can indeed be a challenge. Many investors face similar situations. One approach you might consider is exploring different loan options, such as DSCR loans. These loans often have shorter seasoning periods, sometimes as little as 3 months. This could provide you with more flexibility while avoiding high percentage rates from hard lenders. Remember, it's essential to find the right financing strategy that aligns with your investment goals. Feel free to DM if you'd like to delve into more details – happy to help!

DSCR Loans could be a possible option for your situation, they focus more in the property itself and not your credit as a borrower, you will need at least a 600 credit score which is not that bad to achieve quickly.

I have a local realtor in Miami who has found multifamily properties for investors I work with, If you want to talk more about DSCR let me know, I am happy to explain the process!

Amit,

If your interested in financing, let me know. DSCR loans for Foreign Investors are a good product to keep in mind.

Sam,

Taking a HELOC to get an investment property is a good idea, just have to make sure the cost of the money borrowed is covered by the return on the investment.

I am actually helping an investor in getting his first HELOC to do exactly that, once he gets the investment property we are looking into a DSCR loan to hold it long term.

I am a mortgage broker, let me know if you want to connect and talk!

Alex,

Your next step are DSCR loans, they focus on the property itself and not your credit nor how many mortgages you have.

I am a mortgage broker and I help investors to get all kind of financing that fits their needs, lets connect and we can talk more about your options!

Jhon,

I am a mortgage broker and offer many different types of financing for investors, lets talk and see what options can work for you!

Cameron,

Lets talk, I think I can beat that 13% rate with less points too, and also I can do DSCRs loans.

Lets Connect, 13% is a bit high in my opinion!