Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

13
Posts
30
Votes
Peter Petwr
30
Votes |
13
Posts

Pitching for a DSCR Loan

Peter Petwr
Posted

I'm trying really hard to buy cash-flowing properties with little to no money down. 
So far I've got DSCR, Money Partners, and really creative financing ideas from other people.

This post is more specifically asking about how I would pitch to a Private Lender/HML for a DSCR 30 year fixed or similar product for multiple units.

So I noticed that some DSCR loans offer 100% financing or really high amounts of financing no income checks or credit checks. They seem to just care about how much profit are you making on your investment and how good are the chances that you won't default on your loan to them.

I want to create a pitch to these lenders for some properties that I think have really good numbers and rental histories, how would I go about doing this? Or what do I need to even qualify to do this?

Does anyone have their own recommendation for a specific lender to go with? 
The reason I want a lender is that I can leverage the loan to make a profit on a deal.

Money Partners are hard to find, especially money partners with tons of cash just sitting around that will also let you in on the deal. Is my thinking on this flawed? 

Currently trying to negotiate for a 300,000$ but if I scale it up I found a 3 million dollar deal that falls under similar numbers to my smaller deal. 
Am I over-reaching, who knows maybe I'm just too excited.