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Updated about 1 year ago,
Looking for Non-QM lenders that will play ball on houses between $50k-$70k
I am planning to acquire a number of homes in the St. Louis area for use as long-term rental properties. I've already connected with lawyers, realtors, title companies, property managers, etc. and the lending is really the last piece of the puzzle. The ideal debt product would be a DSCR loan with a 30yr term and fixed rate, however I am open to hard money / private money offers that are short-term.
I have done extensive research on the area, the rents, the vacancy rates, etc. and have reason to believe that my modeling is exceedingly accurate. If anyone can help in my search, it would be much appreciated!