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All Forum Posts by: Tim Malico

Tim Malico has started 1 posts and replied 6 times.

Post: Looking for first house hacking property with a DSCR Loan.

Tim MalicoPosted
  • New to Real Estate
  • Long Island, NY
  • Posts 6
  • Votes 0

@Walter Correia

If you mean will I be willing to move out of New York, then yes.

Post: Looking for first house hacking property with a DSCR Loan.

Tim MalicoPosted
  • New to Real Estate
  • Long Island, NY
  • Posts 6
  • Votes 0

@Reid Chauvin

I have been unemployed over a year. I was told I need at least 2 years of w2 or tax returns to apply for a general loan.

Post: Looking for first house hacking property with a DSCR Loan.

Tim MalicoPosted
  • New to Real Estate
  • Long Island, NY
  • Posts 6
  • Votes 0

@Erik Estrada

What would I need out of a co - signer to make a FHA loan work for me?

Post: Looking for first house hacking property with a DSCR Loan.

Tim MalicoPosted
  • New to Real Estate
  • Long Island, NY
  • Posts 6
  • Votes 0

@Lyndsay Zwirlein

I’m not self employed. Plus, I don’t have much saved.

Post: Looking for first house hacking property with a DSCR Loan.

Tim MalicoPosted
  • New to Real Estate
  • Long Island, NY
  • Posts 6
  • Votes 0

Thank you all for the responses. To give a little bit more information on my situation. I don't have enough of a W2 history to be able to apply for a FHA or conventional loan. I have great credit. Close to 800. That's why I asked about DSCR loan.

Post: Looking for first house hacking property with a DSCR Loan.

Tim MalicoPosted
  • New to Real Estate
  • Long Island, NY
  • Posts 6
  • Votes 0

Also, like to add with little to no money down. Any suggestions?