All Forum Posts by: Khemraj Sarju Jr.

Good morning Mollie, are you not able to utilize a DSCR loan for the property? We use this for our clients nationwide. This uses the rental income to qualify the property cash flow based on expenses.

This is definitely doable as we have helped clients with even the financing for the rehab up to 100%. With your background and experience you should easily be able to get this property under way and producing income in no time. I sent you a message as well. 

 We have been seeing 15% down in most cases the past couple months. 

Investors are purchasing properties using DSCR programs which use the properties rental income to qualify them. We calculate the expenses against the rental income for our clients to approve them with out having to worry about DTI issues.

What seems to be the full scenario? Maybe there are other options for you. 

This is based on a bank to bank basis. They all have different terms. Many people have a variety of ways of setting this up as well with multiple LLCs. Do you see yourself needing 10+ loans with one bank? Will they offer what you need for all the properties? Rehab, short term, long term?

It would almost not be possible to get this line of credit. If this is investment. The best option would be a DSCR program. We do this for a majority of our clients.

Good morning, it isnt hard at all. We have assisted first time investors like yourself. Although each case is different, I am sure there are programs you can take advantage of that would help your situation. Would love to see what direction or advice I can give. My inbox is open if you have any questions. 

We use Vertical Response through out our company for all of our agents. Great and easy User Interference. 

THIS IS POSSIBLE! 

And I wish more clients were aware of this. We actually offer programs and there are programs out there that finance up to 100% of the Loan to Cost (LTC) We have done this many times with builders. Also, since the land is already owned, the value of the land is taken into consideration and those numbers are put towards your overall financing amount as a big plus for you. This allows you to leverage more capital on one loan to complete your project. 

Let me know if this is something you want to pursue and we can walk you through it.