All Forum Posts by: Liam Willder

@Nicholas L.

Awesome information about the penalties, thank you for sharing that. 

I'm interested to hear—why do you say that you typically wouldn't buy with a DSCR loan? Would you recommend going for a conventional->rehab->refinance (DSCR) instead or something? Would love to hear what is best practice for something like this. Thanks!

Hi! I'm very new to this all and have loved reading through the forums, I'm learning a ton. TIA for the guidance!

I've been learning about DSCRs, HELOCs, Heloans, Cash-out Refinancing, etc. lately and I just had the question come to mind: can you HELOC/Cash-out Refinance a DSCR loan?

My wife and I would like to buy a rental next year (most likely using a DSCR loan, to dodge the DTI requirement), but I'm not completely sure if that would get us stuck down the road. If our rehab/the appreciation of the next few years raises the property value to the point where we'd want to pull equity out of it to use toward a subsequent rental, would we be able to on a DSCR? If so, what would be the best way to go about doing that?

Thank you for the help! I really appreciate it. 

Liam