All Forum Posts by: Laurens Van swol

 Hi Jeff I will send you a message 

 Thank you for your reply I will send you an e-mail

We are exploring the possibility of purchasing an investment property in Florida. As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name. However, our research indicates that many DSCR lenders require Florida properties to be held in an entity.

Are there any DSCR lenders that offer loans for properties held in a personal name?

We are looking to purchase a 4-bed, 2-bath new construction in the $400k price range with a 25% down payment.

 Hi Devin, me or my wife wil sent you a message

 

I, Noah, tried the lender finder. However, every time I fill in the purchase price and down payment, I get an error saying that lenders won't finance under $75,000. However, the price I enter is between $400,000 and $500,000 with a 25% down payment, so that doesn't seem to work. My wife has a pro account and experiences the same issue.

We are looking for a great lender, preferably in the Tampa area, for a DSCR loan. Who do you recommend?

 Thank you for your reply. We want to keep it as a long-term rental. 

We currently reside in Europe and are considering purchasing our first investment property in the US, particularly in the Tampa area. Given our distance, new construction appears to be a promising option. We like the Wesley Chapel area and are contemplating acquiring one or two 4-bedroom, 2-bathroom properties in the $400,000 price range. But even with a 35% downpayment it’s difficult to find properties that yield positive cash flow.

We strongly belief in the potential for appreciation in this area. What are the concessions currently being offered by builders and the possibilities for rate buydowns in the current market? Due to our lack of US income, a DSCR loan appears to be our sole viable option. Our credit score stands in the low 700s. Any guidance or advice would be greatly appreciated!

We are considering investing in a new build in the New Tampa, Wesley Chapel, Zephyrhills area, and I’m currently crunching some numbers. What can we realistically expect from a builder in terms of closing cost assistance and/or rate buy-down