A lot of DSCR lenders are technically POF lenders as they only qualify on 4 things: 1) valid driver's license 2) FICO score 3) rent is more than the PITI of the proposed property and 4) proof of funds for the down payment and closing costs and reserves.

While this might seem like a downside, it's important to keep the bigger picture in mind.If you’re looking at a duplex in a good area, close to your work, and the numbers still make sense—even with those lower rents—don’t let that deter you.

I own some rentals in Cleveland and Milwaukee and I am a couple of weeks from closing on another multi family in Wisconsin.

I look forward to networking and connecting. 

Personally and professionally, I'm craving connection more than ever (it has been a long, weird 10 months and I miss our local meet ups).

What creative financing strategies have you already explored, and how successful were they in helping you close deals?

Let's connect, I'd love to learn more about this project and determine if we have any programs that will fit on this or any other projects.

Hi Sherrie,DSCR rates are likely close to 7-9% range.

OR should I base it on a percentage of equity earned that is predetermined before we close on the property?  

A few hard money lenders can close in as fast as 48 hours, which helps compete with all cash buyers.