Help with DSCR financing options

[Jemma Jacques]

Hi there,

I was supposed to close a house last week in Milwaukee. But the lenders have been a nightmare, there was a small amount of seepage in the appraisal and they want it fixed before close. (Basement to get sump pump) I’m already way past closing and the cost is $6k. Seller is frustrated. Won’t pay for repair and I like the house and our deal.

Any thoughts on what to do? It doesn't really need to sump pump but that's the only way this lender will let me have it…. I don't want to pay to fix it and then for what ever reason it doesn't close, it's a DSCR loan under 100k so not easy to get lots of lenders for, I was thinking to buy it all cash and then refi down the road?

Any advice welcome