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Updated 3 months ago,
DSCR loans for $50-$80k purchase price
Greetings!
My partner and I visited Detroit MI this past weekend and found 2 deals:
TRIPLEX for $50k with ARV of $130k with one unit already rented at $1000 & the other two needing about $30k to rehab. Address is 13000 Plymouth Rd Detroit, MI 48227.
DUPLEX at $75k. Duplex, ARV $100-$127k both units empty, one is ready to rent and the other needs about $15k rehabs rents at $1200 per unit, per our agents MLS info. 12190 Santa Rosa Drive, Detroit MI 48204.
We've been trying to get a DSCR Loan but keep hearing the purchase amount is too low. Any suggestions?