If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

I'm living off of cash reserves and burning through it - there is a well dry date looming on the horizon.

What's the cash-flow after expenses?

In order to do this, you need to have cash or cash equivalent for that one day that you close.

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.

@Peet BothmaHi, I'm working in MILWAUKEE.Do you have a recommendation for a lender for refi cash out for foreign national?

@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!

The property will cash flow $500/mo or more after all expenses and cap ex reserves, as well as the payment on the SBLOC.

For 2024, the threshold amount is $305,000 ($610,000 for taxpayers filing a joint return).

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.