New LLC financing (new investor)

[James Brants]

Hello all!

I just started my LLC and are looking for advice on financing. How difficult is it to obtain the Capital needed for a single family under my LLC? how much of a down payment? Can you get pre approved?

I know there are better ways on what to start with, I’m just trying to start simple and build my confidence/experience.

[Jack Mawer]

With a DSCR loan, most lenders are giving up to 75% LTV at the moment. You should be able to get pre-approved pretty quickly, considering most of these loans are non-qm (strictly focused on the property cash flow rather than W-2s, 1099s, etc.). As long as you have a decent FICO score you should be good to go. Do you already have a property in mind?