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Updated almost 2 years ago,
Is a DSCR possible for me?
Hello, I'm not so new to the forums but I don't post very often. I normally just come to absorb the information and intelligence from this platform. I'm very interested in a property that's out of state and I would like to purchase this property. It's a 16 unit apartment building that needs a little work done too but not too much. The current rents are below market now and I've run the numbers and it looks like it would be a great investment property with great ROI.
Is it possible to get a DSCR loan without experience or is it only for seasoned investors? I currently own a 4-unit building and really want to expand but need some advice. Anything helps!