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Forester Tesche's profile image
Forester Tesche's profile image
Forester Tesche
  • Real Estate Broker
  • from Durango, CO
  • Member since Dec 4, 2020

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Forester Tesche's profile image
Forester Tesche's profile image
Forester Tesche
  • Real Estate Broker
  • from Durango, CO
  • Member since Dec 4, 2020
Forester Tesche
  • Real Estate Broker
  • Durango, CO
16
Votes |
32
Posts
General Real Estate Investing

DSCR loan for personal business

Forester Tesche
  • Real Estate Broker
  • Durango, CO
Posted

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

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Eliott Elias's profile image
Eliott Elias's profile image
Eliott Elias
  • Investor
  • from Austin, TX
  • Member since Jan 5, 2021

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Eliott Elias's profile image
Eliott Elias's profile image
Eliott Elias
  • Investor
  • from Austin, TX
  • Member since Jan 5, 2021
Eliott Elias
  • Investor
  • Austin, TX
5,566
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Eliott Elias
  • Investor
  • Austin, TX
Replied

If the property cash flows, yes. 

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