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Updated almost 2 years ago on . Most recent reply

DSCR loan for personal business
Hi Everyone!
My friend is hoping to purchase a shop on some property for his business. Because he is 1099 he can't qualify for traditional financing. Is there any way that he could purchase the property with a DSCR loan and have his business rent the space back from him to satisfy the requirement?
Thanks
-Forester Tesche
Most Popular Reply

If the property cash flows, yes.