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Updated over 1 year ago on . Most recent reply

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Jesus A Macias
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Bridge loan Info

Jesus A Macias
Posted

I recently have bought a house that really didn't provide cash flow, I since then converted the house into a duplex and now have a projected cash flow of $200 per unit. With that said....Im all out of cash. My question is this: for my next duplex get a bridge loan cover my 25% down payment/ finance the remaining with a DSCR and then refinance the entire deal after 3 months post closing?

  • Jesus A Macias
  • Most Popular Reply

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    Robin Simon
    #3 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Austin, TX
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    Robin Simon
    #3 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    • Austin, TX
    Replied

    Generally DSCR Loans are not going to allow the down payment to be covered purely by another loan without having any reserves

  • Robin Simon
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