All Forum Posts by: River Sava

Hi Scott - I'm a lender based in Tampa. Happy to connect and chat further. I'll send you a dm to connect 

Hi Frank - 

Congrats on taking the first steps! For a $200k property, the minimum down payment will depend on your lender and financing terms. Are you currently working with one? 

Typically it’s around 20%, espeically if this is your first one. Also, putting down more than 20% can lower your monthly payments, improve cash flow, and potentially get you better terms.

Happy to connect and best of luck!

Hey Darsheka - 

Exciting that you're looking for your first property! I’d recommend checking out local real estate meetups—Meetup.com and Facebook investing groups are great places to start.

Out of curiosity, what type of property are you looking for, and what investment strategies are you most interested in?

Hey Cam, welcome to BP - 

I'm from Boston originally, happy to connect with you!

Hi Joy - 

Congrats on taking the first steps as an investor; it sounds like you have a solid plan. I'd be happy to connect and chat about DSCR loans and flips and/or brrrr options if you're exploring those avenues.

Hey Shawn - 

Highly suggest going to local meetups and joining investing groups on FB to build your local network. Happy to connect and good luck as you start out!

Welcome Cam, happy to connect!

Sounds like a challenging but rewarding project! Do you usually focus on buy and hold strategies, or are you exploring different options as you build your portfolio?

Hi Rod - 

Out of curiosity, what rates and terms were you quoted for the DSCR loan?

While DSCR rates are generally higher than conventional loans, it's because they offer much more flexibility. Unlike conventional, DSCR underwriting focuses on the property's cash flow rather than your personal finances/DTI. Typically, DSCR rates are about 1% higher than conventional loans—not the 2-3% range you mentioned. TIf you're goal is to scale, they are an excellent option for while bypassing some of the stricter requirements of traditional financing.

Hey Sean, welcome!

Happy to connect with you