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User Stats

5
Posts
4
Votes
Joseph Khateri
  • Real Estate Agent
  • Fredericksburg, VA
4
Votes |
5
Posts

Looking for DSCR Lenders

Joseph Khateri
  • Real Estate Agent
  • Fredericksburg, VA
Posted Dec 28 2023, 08:56

Hello all!

Currently looking for DSCR lenders for investment homes under $100k in the Cleveland area. Also willing to look at other loan options, the main issue is a lack of income. A downpayment and credit score aren't an issue. Feel free to send me a message here, email or DM on Instagram.

Thanks in advanced!

-Joseph

User Stats

820
Posts
1,098
Votes
Samuel Diouf#2 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
1,098
Votes |
820
Posts
Samuel Diouf#2 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
Replied Dec 28 2023, 11:59

Hey Joseph,

I can send you some referrals. 

User Stats

3,988
Posts
3,978
Votes
Robin Simon
Pro Member
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
3,978
Votes |
3,988
Posts
Robin Simon
Pro Member
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied Dec 28 2023, 11:59

Hi - Easy Street Capital specializes in this - loan minimum of $75k however

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User Stats

5
Posts
4
Votes
Joseph Khateri
  • Real Estate Agent
  • Fredericksburg, VA
4
Votes |
5
Posts
Joseph Khateri
  • Real Estate Agent
  • Fredericksburg, VA
Replied Dec 28 2023, 12:01
Quote from @Samuel Diouf:

Hey Joseph,

I can send you some referrals. 


 Send them my way! Thank you!

User Stats

50
Posts
6
Votes
Oliver Bernardo
Pro Member
  • Lender
  • Los Angeles, CA
6
Votes |
50
Posts
Oliver Bernardo
Pro Member
  • Lender
  • Los Angeles, CA
Replied Dec 29 2023, 02:01

@Joseph Khateri PM Sent! Happy to help! 

RCD Capital Logo
Account Closed
  • Wimberley, TX
5
Votes |
28
Posts
Account Closed
  • Wimberley, TX
Replied Dec 29 2023, 23:23

User Stats

107
Posts
18
Votes
Benjamin Krebs
  • Kansas City, MO
18
Votes |
107
Posts
Benjamin Krebs
  • Kansas City, MO
Replied Dec 30 2023, 12:30

Hey Joseph, I'd love to see if we can help you out! 

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User Stats

27,130
Posts
18,377
Votes
James Wise#1 Classifieds Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
18,377
Votes |
27,130
Posts
James Wise#1 Classifieds Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied Jan 1 2024, 06:18
Quote from @Joseph Khateri:

Hello all!

Currently looking for DSCR lenders for investment homes under $100k in the Cleveland area. Also willing to look at other loan options, the main issue is a lack of income. A downpayment and credit score aren't an issue. Feel free to send me a message here, email or DM on Instagram.

Thanks in advanced!

-Joseph


 We've got several Cleveland lenders. CLICK HERE to speak to them.

User Stats

1,365
Posts
459
Votes
Devin Peterson
Lender
  • Lender
459
Votes |
1,365
Posts
Devin Peterson
Lender
  • Lender
Replied Jan 2 2024, 17:35
Quote from @Joseph Khateri:

Hello all!

Currently looking for DSCR lenders for investment homes under $100k in the Cleveland area. Also willing to look at other loan options, the main issue is a lack of income. A downpayment and credit score aren't an issue. Feel free to send me a message here, email or DM on Instagram.

Thanks in advanced!

-Joseph


 Hi Joseph, 

The good news for you is that DSCR loans don't require any income at all! All you need is a strong DSCR, good credit, and your DP, closing costs, + reserves. Cleveland is a great market. The minimum sales price for a single DSCR asset is roughly $94,600 because the minimum loan amount is 75k.

User Stats

5
Posts
4
Votes
Joseph Khateri
  • Real Estate Agent
  • Fredericksburg, VA
4
Votes |
5
Posts
Joseph Khateri
  • Real Estate Agent
  • Fredericksburg, VA
Replied Jan 2 2024, 21:51

Hi everyone, I believe I got all of the DSCR lenders I need. Thank you for your recommendations!