All Forum Posts by: Jared Seebold

My Fico is around 760 and I've switched my focus towards the Vegas market which is closer to home for me in California.  Rents would be between $1900-$2300 with my purchase price at maximum of $350k.

Hi Erik. I found a lender but the rate seems a little high. They are asking for 25% down with 8.625% interest and APR 8.959%. Also the 12-36 month prepay option because I am a first time buyer. Do you think these terms are competitive or should I keep looking?

I am starting OOS because I have about 150k cash and can't afford to buy in California where I live now. I won't qualify on conventional loan because on paper my DTI isn't there (I mostly get paid in cash). My questions here would be once I get to the refinance step in the BRRRR will I be able to qualify on a cash out refi based solely on the cash flow from the property or will I have to go the DSCR route and is the DSCR only for seasoned investors because again this is my first time buying a property. Also would you recommend buying a fixer or turn key property due to the hassle of putting together a team OOS? Looking @ Ohio or Houston. Thanks in advance.

Where is your DSCR lender located? Im looking into Houston or somewhere in Ohio to try my first BRRRR.