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Updated about 1 year ago,

User Stats

6
Posts
1
Votes
Michael Harrill
  • Real Estate Broker
  • Salisbury, NC
1
Votes |
6
Posts

Looking for DSCR vs Cash Out ReFi advice/referrals on New Construction Rental

Michael Harrill
  • Real Estate Broker
  • Salisbury, NC
Posted

Hi All, I'm currently building new SFR's using a HELOC on primary with the intent of either obtaining a DSCR or traditional mortgage cash out re-fi to repeat the process (build, rent, cash out, pay off HELOC, repeat). W-2 income and credit is strong, but would like to keep the rentals in an LLC. It is a headache to go the traditional route and having to quitclaim the deed, not to mention the time and hoops one must jump through these days. I am a GC and can build cheap enough to cash flow on a new property, so does it make more sense to go the DSCR route? Thanks in advance!

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