Getting a DSCR loan while married

[Esther Concepcion]

Hello,

I am an entrepreneur having issues qualifying for a conventional loan. After doing research I learned of the DSCR loan. My question is, if I acquire a property via a DSCR loan on my own, does my spouse have any ownership? My purpose for of starting a rental portfolio is create an inheritance for my children who are not biologically his. We do not have children together. Nor do we have a prenuptial agreement. Florida

[Tanner Lewis]

With DSCR loans, Florida requires that you borrow within an entity, and as such, your spouse has no ownership or legal recourse (even though it is considered a spousal state). I would also set up your will/trust structure with a lawyer so YOU can decide who gets your assets and it is not up to the government.