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Updated over 1 year ago on . Most recent reply

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John Kernan
  • Investor
  • Parkville, MD
1
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1
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Starting Out in Real Estate Investing

John Kernan
  • Investor
  • Parkville, MD
Posted

I am new to the world of real estate investing and struggling to get going with my first property due to lack of financing and loan opportunities available to me...if anyone has a suggestions of advice on how to overcome this obstacle I would greatly appreciate it.

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654
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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
614
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654
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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
Replied

Hey John, lack of financing or loan opportunities never stopped me. Have you looked into the DSCR loan program? I used this loan last year. It's for investment properties up to 8 units and works like a commercial loan where they don't look at your income. They look at the income from the property to approve the loan. Need to purchase in an LLC. I think what you need is some mentoring and skills in raising funds for your deals. DM me.

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