I was given a 8.1% interest rate from a lender specifically saying that that is the investors rate right now.

They fired the full-time employee and just absorbed the calls with existing staff.Most lenders will likely limit you by DSCR.  

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

IMO the key metric is the DCR. talk to a commercial lender and find out how much they would lend on the property with a convetional loan and then factor in the 25% down and thats your number. i think most banks want 1.2-1.25 in order to lend based on the financials. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hey @Chrissy Smyth      You can use the Find A Lender tab up top to source vetted lenders.

The only thing is you would have to do a hard money loan, or find a private money lender that will finance you. 

Hard money lenders / fix & flip lenders vary on their underwriting guidelines but generally they are looking for:1.

Most lenders aren't cool with transferring the title to an LLC after closing, so it's likely we'll have to close under our personal names.

Hey i was wondering if anyone knew any dscr lenders that would be willing to take the 2nd position on a loan, i have a property in Oakland california where the seller is willing to finance 85% of the purchase price at 5% interest, The asking is almost 4.6 million on an 18 unit apartment, i dont have the down payment for the remaining 15% which would be 689,250. the seller is willing to come down on the price and at market the apartment brings in 41,255 per month, tenants pay thier own expenses. i tried calling a couple of lenders but they said they wouldnt take the 2nd position or would only finance until 90%.