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Updated 8 months ago,

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1
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Buying my first investment property, any lender recommendations for DSCR?

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Posted

Hi all,

This is my first post here! I am a first time home buyer looking to purchase an out of state investment property through a newly formed LLC (I am based in NYC, looking to buy in Ohio). I am specifically looking to rent out to section 8. I have a high credit score, good income, and money in the bank, but I have been having a difficult time finding a DSCR lender I feel like I can trust. I got pre approval from https://www.loanguys.com and I am having a lawyer look over any additional documentation before I sign, but something in my gut is telling me to avoid them. I'd really prefer to hear from those that have gone through a similar process as me and get recommendations for lenders to look into? I would love to purchase ASAP but don't want to rush through this process especially since it is my first time.

Happy to provide any additional information. Please throw any advice / recomendations my way - I'd appreciate it so much! Thanks!

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