DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

The few lenders I've reached out to in my area (local banks, credit unions, etc.) are only working with primary residence for Helocs or Cash Out refi.

I recently read Rich Dad Poor Dad and I have been bitten by the real estate bug.

So unlike markets like 30A and the like where prices have remained rather steady despite the returns being extremely poor at current home prices, I think we've probably already hit the bottom (or at least near it) on home values.

Understanding Commercial LoansProperties with 5 or more units typically fall under commercial real estate loans, which have different requirements compared to residential loans.Requirements for a Commercial LoanCreditworthiness: Both your personal and business credit scores will be considered.Down Payment: Typically, 20-30% down payment is required.Debt Service Coverage Ratio (DSCR): Lenders will assess the property's income relative to the debt payments.

When it comes to advertising RE for sale what agent is going to run an add hey this home is a 3 and 2 and really a poor investment ???

A broker sent me the deal and we were able to agree to a price with seller financing and lock the deal up early enough and negotiated terms and renovation credits from there.

I am in my early 30s, zero debt, Excellent credit and currently live in Minnesota (hoping to move to another state in a year or so.). 

Yes, it could be the signs of a certain personality defect, but it just as likely could be the sign of a young 20 something being "young n dumb" making poor choices. 

Jonathan,Unlike credit cards with "Intro Rates", HELOCs are a standard banking product.