All Forum Posts by: Seth Roland

So a conventional/DSCR "commercial" loan doesn't necessarily mean higher interest than a "consumer" mortgage if it's coming from a traditional bank/credit union?

My score is around 760. I'd have to figure out what good cash flow is, but there's a chance I could be taken off the loan that I'm a cosigner on and it would help my DTI a lot.

 Ok, that makes sense. Thanks for explaining. I guess it boils down to finding out if I can qualify for a lower-interest loan with a traditional bank/credit union, and if not, making sure the math still works with a higher-interest loan.

By conventional, I mean a typical 30-year conforming loan with a 20% downpayment. And by DSCR loan, I'm thinking standard 30-year DSCR loan. Does that make sense? I'm just learning about the different types of loans and how they work so please correct my thinking if I'm not making sense. Thanks!

 Hi Jake,

Thanks for the reply. I have heard that interest rates for a DSCR loan are generally 1-2% higher than conventional loans depending on the LTV ratio and credit score. Would you say that is accurate and if so, would it be worth pursuing a conventional loan first because of the higher cost of a DSCR loan? Thanks!

Thanks for your reply! I'll look into these options. I guess the next step would be to find lenders in my area that offer these types of loans. Are these loans that I could get pre-qualified for?

 Hi Jaycee, thanks for the reply. No, I don't have a specific property I'm looking at yet. I'm looking in the Tucson area just because that's where I live. Turn-key would be nice, but if I can get a bigger bang for my buck, I'm not against a fixer-upper if there is a good deal. I understand a fixer-upper would require a lot more work in accurately determining repair costs, finding good contractors, etc., but I think the learning experience would help set me up better for future deals.

Hello, just getting started here. I just wanted to hear people's thoughts on whether to look for a house hack opportunity or to keep renting and look for a rental property deal. My current rent I pay is only $500/month. So is it worth it to house hack a multifamily property? Or is it better to capture all the rental income while continuing to pay my current rent at $500/month? Is house hacking worth it solely to qualify for an FHA loan? I know this is a very general "well it depends" question, but I'm just hoping for some general advice and direction. Thanks in advance!

Hello all,

I'm just starting out on this journey. I'm 24 and still in the "learning stage" but want to move forward on my first purchase in the next ~12 months. I want to narrow in on using the BRRRR strategy, but turnkey rentals are also intriguing. (I'm in the middle of Brandon Turner's book Rental Property Investing. Next is probably his book on Investing with No and Low Money Down. More book recs are welcome!)

My question for this post is about financing and finding a lender so I am ready when the time comes to buy my first property. I want to know how much I can get approved for and what steps to take to figure this out. My financial situation is somewhat unique, so I’m sharing the details below in case anyone can provide guidance.

1. I am self-employed. I run a business called Woodnotch (we make nice pens, if anyone needs one 😉). Most of my income is reinvested back into the business, which means my reported income is relatively low due to write-offs.

2. I have saved $25k over the last 18 months and continue saving $1500/month from my job. I also have another $25k investment coming back to me by the beginning of 2026.

3. I am co-owner of a $900k property and co-signer on the $400k refi loan. I am not the one making the payments, but it's still on my credit report.

My limited income, combined with being a co-signer on the loan, results in a less-than-ideal DTI ratio.

Under these circumstances, what type of loan or lender should I focus on? Are there options that are less dependent on reported income, such as a bank statement loan that I should be looking into?

Thank you for taking the time to read all this! Any advice or resources would be greatly appreciated.