Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Getting a loan similar to DSCR with intention for 1 unit to be OWNER OCCUPIED
I have limited income and NO history as a landlord. Though I know much. My grandfather was a lifelong landlord. I also have an inactive real estate license.
I have never bought a home. But I want my first to be a quadruplex where I live in one unit and rent out the others.
I would have a larger down payment. At least 15-20%.
Are there any loan types available with requirements similar to a DSCR; where I do not need to meet personal income requirements, they count the property's income, but a unit may be owner occupied? Thank you.