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Updated over 1 year ago on . Most recent reply

User Stats

14
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12
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Miles Matias
  • Specialist
  • La Habra, CA
12
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14
Posts

When am I a seasoned investor for Dscr

Miles Matias
  • Specialist
  • La Habra, CA
Posted

I want to know the seasoning period for a dscr for me not to be considered a new or first time investor. I close on the 24th but would like to buy my next property asap. I really don’t want to wait a year and hope I can get a dscr sooner looked at as a seasoned investor. I got a duplex 120k

Most Popular Reply

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468
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580
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
580
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468
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
Replied

Miles - this will be lender dependent. Some lenders require you to own primary + investment, some lenders only require primary, some lenders don't require you to own primary at all. You will need to speak to a few to see what their guidelines are. 

  • Jack Tulloch
  • [email protected]
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