Bought my First BRRRR, having some difficulty finding a lender

[Jeff G.]

I bought my first BRRRR a week ago. I got it for $35k, I'm putting ~$25-30k into it and it should be worth $100k when I'm done with it. I just had an offer accepted on a second property for $50k that really only needs lipstick to achieve optimal rents. I close in two weeks. All figures are cash, there are no loans involved yet.

My intention was to take out a DSCR loan on each of the properties in order to access the equity and purchase additional BRRRRs. Unfortunately, most lenders I'm hearing from have a lending minimum of $100k that means neither properties qualify. This is frustrating. I'm buying in cash and I have a credit score in the 700's. I was expecting obtaining financing after the fact to be the easy part. Any suggestions?