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Updated over 2 years ago on . Most recent reply

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New to BRRRR, looking for advice!

Posted

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!


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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?
 

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