A recent statistic from Banker & Tradesman caught my attention, highlighting a growing concern in the housing market.

The DSCR lenders and Commercial bankers I've spoken with don't know what I'm talking about.

I would think your banker would be excited to get you a commercial loan.  

My banker will be happy we have more built-in equity on our LTV.We will lose a few customers, but even if those units never rented again, we will be farther ahead with the rate increase. 

Mom and popIf you want in-person training and offices and more camaraderie, bib box like KW, Coldwell Banker, etc are good options to start (you will leave after one year).If you are mobile and doing a lot and want to work freely, but have a ton of online support, cloud brokerages are great and have better splits like eXp and Real.

You are experiencing what many fall victim to in the DSCR world when certain loan officers or banks try and broker DSCR loans when they are not well versed.A DSCR loan has to be underwritten up front by the Banker or Loan officer and many fail to run the numbers correctly or at all.

@Gino Barbaro if you have a banker in that area you can recommend, I’ll absolutely reach out!

Just 2 cents from an investor/Banker but I would never put $965K all cash into a home.

Bankers are not allowed to charge points on traditional loans so you save money in closing costs and end up with a lower rate.

The banker I use has gotten to know me.