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All Forum Posts by: David Tran

David Tran has started 3 posts and replied 10 times.

Quote from @Derrick E.:

Wait, there are lenders who won’t loan on property if it has a section 8 tenant? 

First I’ve heard of this. That’s crazy. 

Yes, 3 lenders wouldnt move forward because of that reason.  This is news to us.

Hi! 

Looking for a DSCR lender that can help us with property. There is currently a tenant in it with section 8.

The property is in Milwaukee, Wisconsin. 

Quote from @Simmy Ahluwalia:

Yes, a HELOAN (home equity loan) is available for investment properties.  It's a 2nd position loan (if you have a 1st).  


 Thank you for the clarification.  Do you offer it or can maybe point me in the right direction.  Thanks! 

Can someone please guide me in the right direction for HELOC lender for an investment property that's under an LLC

Thank you!

Quote from @River Sava:

Hi Bryan- 

Frustrating having to go through that. I can put you in touch with a reputable hard money lender. Just sent you a friend request. 


 Can I get this info as well please!

who is your lender? 

Quote from @Brandon Beardt:

The lowest loan amount I've seen allowed by an institutional DSCR lenders is around $60K. If you're looking at deals that require a $90K loan amount, you shouldn't have too much of an issue. You mentioned you're a new graduate, do you own your own primary or any other investments? If not, shop around for other DSCR lenders & make sure you'll be able to qualify as a first time homeowner with the programs offered. Some don't check this requirement while others will. Best of luck.


Can I please get the company that can offer 60k DSCR? Thank you!

Quote from @Sebastian Marroquin:

I have a great lender that can do DSCR loans or conventional loans anywhere. Reach out when ready!


 Hi! Can I get the contact please?

Post: Looking for DSCR lender in Milwaukee.

David TranPosted
  • Posts 10
  • Votes 7

Thank you for all the replies!  Much appreciated! 

Post: Looking for DSCR lender in Milwaukee.

David TranPosted
  • Posts 10
  • Votes 7

Hi! Hope all is well.  

Looking to connect with a lender that offers DSCR loans.

Thanks!