Looking for rental-cash-flow oriented lender for primary purchase

[Matthias Pieplak]

Hi there,

I'm looking to work with a lender to finance an off-market property in Maryland I want to buy as my primary residence*, max 10% down.

What's the catch?

I bought a Triplex last year as my primary and live in one unit. The other two are rented and have a previous rental history. My DTI is off, if this rental income is not considered.

Second catch, I had Cap-Ex on the Triplex and another property which I bought in ruin and stabilized, last tax year. Expenses neared my W-2 income, so that I am showing massive losses for 2023. (Yes, I live on rice 'n' beans)

If you have an underwriting process that can focus on my current cash-flows (and perhaps track record of successfully stabilizing properties), I invite you to comment or DM.

THANKS BP COMMUNITY!

Matthias

Greater Salisbury Maryland Area

*Primary in purpose but certainly made into another income stream, seasonal STR or as a house hack.