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Updated over 2 years ago on . Most recent reply
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New to BRRRR, looking for advice!
Hello!
I’m a new investor, recently purchased a home from the recent Oklahoma tax sale.
I’m rehabbing the home and partnered with a property management team to do that rehab.
My question is, after placing a renter, how would you recommend getting financing and from establishment would you recommend?
Any and all advice is welcome. Thank you!
Most Popular Reply
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Quote from @Eliott Elias:
Do you have a job? 2 years worth of income? These are questions banks are going to ask you to qualify. If you don't look good on paper I would start exploring non qualifying loans such as DSCR where the bank qualifies the property rather than the borrower
I do have a job. I do not have 2 years worth of income saved, however.
Do you have an bank recommendations for DSCR loans?