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Updated over 1 year ago, 04/17/2023

User Stats

8
Posts
7
Votes
John Stanaway
  • Hayes, VA
7
Votes |
8
Posts

Cash out DSCR for cash-built new construction?

John Stanaway
  • Hayes, VA
Posted

I have 2 parcels located in Virginia. I am considering building two SFH each with an accessory apartment. Construction will be completed with cash. What are my options to get the most cash out of these properties while holding and renting long term?

I'm thinking a DSCR loan on each property but would like to hear other options.

Does the 6 month seasoning for DSCR start when the land is purchased or when construction is completed?

I plan to have these rented by the time I am looking to cash out if that makes a difference for underwriting. Purchase to construction completion should be close to 6 months.

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