All Forum Posts by: Bruce Bennett

Very new to creative financing, looked at DSCR loans last year but don't know how to check on the lender for reviews or scams. I can search it but same deal, the search engines don't evaluate the results. Thanks for any help

1 Vote

Thanks for the help, I am in Louisiana and have purchased another property that needs rehabbing. I want to use my rental to take out about 75K to use to finish the rehab. The renter has been there for 3years and has no plans to leave so he seems pretty stable.

0 Votes

New Orleans, Louisiana

Quote from @Jacob Sherman:

Quote from @Bruce Bennett:

Are DSCR lenders able to loan in any state? Can I use a property that's an established rental to buy property in a different state. If I only

need 50% LTV will that help the interest rate very much? Thanks for any advice.

Hey Bruce ! Yes absolutely . You can do a cashout refinance with a DSCR and then use that as a down payment for your purchase DSCR . What is the scenario looking like ?

0 Votes

New Orleans, Louisiana

Are DSCR lenders able to loan in any state? Can I use a property that's an established rental to buy property in a different state. If I only

need 50% LTV will that help the interest rate very much? Thanks for any advice.

1 Vote

New Orleans, Louisiana

All Forum Posts by: Bruce Bennett

Bruce Bennett has started 2 posts and replied 4 times.

Post: How to spot scams or is there a site that evaluates DSCR lenders

Post: DSCR loans used to finance other properties

Post: DSCR loans used to finance other properties

Post: DSCR loans used to finance other properties