Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 12 months ago on . Most recent reply

User Stats

4
Posts
3
Votes
Chad Nassar
3
Votes |
4
Posts

Have 2 SFH looking to Cash out refi (DSCR)

Chad Nassar
Posted

Hey everyone! Currently located in Mobile AL. I have 2 homes that I've rehabbed that I'd like to pull equity/initial investment out of and would prefer to go the DSCR route and shooting for 80% LTV and preferably no season period. My credit is 790+. I've owned house 1 for 3 months and house 2 for 5 months. Would love to work with a mortgage broker eager to get the job done and get me the best deal possible.

House 1: PP $143k, rehab $42k total investment $185k, ARV is $239k. (No mortgage) Rented for $2245.00

House 2: PP $145k, rehab $23k total investment $168k, ARV is $205k. (HELOQ @ $145k) Rented for $1745.00

Loading replies...