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All Forum Posts by: Devon Telberg

Devon Telberg has started 0 posts and replied 3 times.

Post: Advice on DSCR Lenders with No Real Estate Experience

Devon TelbergPosted
  • Architect
  • Saratoga Springs, ny
  • Posts 3
  • Votes 2
Quote from @Nate Herndon:
Quote from @Account Closed:

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.


Hi Harry, I do know of some loan programs that can go as low as $75k value/purchase price and $50k minimum loan amount. First time investor status is not an issue either, just need to hit a 1.00+ DSCR on a 30-year fixed. Will PM you with some details.


 Hi Nate, I went to your website and interested to learn more information. Filled a form from the website.

Post: Investing in Albany, NY

Devon TelbergPosted
  • Architect
  • Saratoga Springs, ny
  • Posts 3
  • Votes 2

Hi Zanin, I'm in the area and looking to acquire my first property in 2-3 months. I'll get in touch with you too.

Post: Amazing Short-Term Rental Opportunity

Devon TelbergPosted
  • Architect
  • Saratoga Springs, ny
  • Posts 3
  • Votes 2

Hey I'm in the area. Why are the owners selling it?