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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 1 times.

Post: Advice on DSCR Lenders with No Real Estate Experience

Account ClosedPosted
  • Posts 2
  • Votes 2

Hi all -

Any advice on DSCR lenders? I want to buy a single-family investment property in the St. Louis area around the $70k mark. Assuming a 75%–80% LTV. Proforma is at a 10% interest rate, and the respective DSCRs are (2.267) for 75% LTV and (2.125) for 80% LTV. I've talked with several lenders, and most want previous experience (owns home and investment property), which I have neither. I am flexible on LTV, interest rate, and term length.