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Updated 8 months ago,
Dscr Loan help please
If I have a ground up build I paid cash for, can I use a DSCR loan to take a mortgage out on that house to build a rental home on a lot we have next door? I would like to take the mortgage out in my one LLC and rent that home to my other business(a different LLC). The reason for this mainly of because I can get a bigger loan on the house we have just built, than taking a ground up new construction loan on the rental we are wanting to build next door as well as my experience with ground up loans is zero -