All Forum Posts by: Anderson S.

It can certainly be a slippery slope for sure depending on the amounts you've lent out!

It sounds like you have a solid plan in place for your project. I'd love to learn more about your investors and their needs to see how we can assist you.

Project Details: Could you provide more specifics about the land acquisitions and the types of properties you plan to build? Are there particular areas or neighborhoods in Columbus that you're targeting?

Construction Timeline: What is the expected timeline for the construction and completion of these builds? Do you have any projected start dates?

Experience and Qualifications: You mentioned you have completed new builds before. Could you share some details about your past projects and how many builds you've completed?

Exit Strategy: For the DSCR loans post-construction, could you elaborate on your exit strategy? Are you planning to retain some properties for rental income or sell all completed units?

Financial Details: Can you confirm the total estimated costs for the projects and any additional financial information that might be pertinent?

Feel free to DM me or hit us up for potential next steps - looking forward to our conversation.

I can't stress it enough, but finding simple things you enjoy outside of work are critical your success!!

Hi Ryan! Glad you're a part of the community. We're here to help if you ever need hard money lending!

Hi Kristin,

If you're planning to finance real estate in Illinois using only your rental income from properties in California, a DSCR loan might be a great option for you, especially since traditional income-based loans might not be feasible without local employment.

A DSCR loan focuses on the property's ability to generate income rather than your personal income from employment. This type of loan is particularly advantageous for investors who wish to leverage rental income without the need for employment verification.

Lenders will examine if your property is cash-flow positive based on a DSCR ratio greater than 1. Lenders typically prefer to offer loans when the property is cash-flowing; if the DSCR is under 1, it might still be possible to get a loan, but expect less favorable terms.

Understanding these elements will help you better prepare for securing a DSCR loan, allowing you to leverage your rental properties effectively for further real estate investments. We can offer some help, just message us!

Hey Ryan, I think we can help! I'll shoot you a DM.

Hi Tyquan, we're a hard money lender and we operate nationwide. How can we help?

Hi Jason, feel free to hit me up we'd love to support your endeavors in Arkansas.

Hi Brian, I want to attend as a lender, let me know how we can ensure we have a presence on the 29th.