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All Forum Posts by: Nina Gibson

Nina Gibson has started 1 posts and replied 2 times.

Post: DSCR loans but what about the DOWN?

Nina GibsonPosted
  • Posts 2
  • Votes 1

Thank you everyone for the great advice. I did think it was smarter to start with small flips until we grew enough capital to go big with multifamily buying. But looking in Arizona for either is a good idea as well. 

Thanks again,

Nina

Post: DSCR loans but what about the DOWN?

Nina GibsonPosted
  • Posts 2
  • Votes 1

Hi,

My brother and I just started an LLC. We want to start either flipping small or investing in multifamily properties, but the 20-25% down concerns me. If the DSCR loan covers the 80% where to we get a loan for the other 20%? Or do we need to have that saved as cash going into this investment. Assistance is greatly appreciated. We are looking from LA to San Diego, so if any one can help or refer someone with answers that would be excellent.

Thank you,

Nina