Dscr & 203k loan for investment property!!

[Anup Jung Karki]

Hello,

I am looking to purchase a investment property in DFW, Texas with my friend. She bought a house in March/April of 2023 with 20% down payment. So, what are the criteria to get qualified for DSCR loan as well as rehab loan. Our main focus is dscr loan to get it to purchase. Does the down payment have to come from our account or can our family/ friend send money for down payment?

Also, I have a friend looking for VA loan qualifications he's a reserved military. Sorry, I am a newbie if I confused you, will appreciate your guys input.

Thank you.