You also have to consider loan amounts typically need to be above $250K will carry a 3-5 year prepayment penalty.The biggest thing I see is loan officer are quick to offer a pre-approval for you but the fail to run the DSCR/Rents ratios up front.

If you originate a lot of loans I believe the software you use should be able to generate the MCR's for you.

I think it is better to connect with many GCs, find the ones you want to work with the most, and have them walk properties and provide bids for you.

@Joe Carpyou can buy rentals with a DSCR loan, and they will not require W2 income like a conventional bankhowever, down payments will be 15-30%, so will use up your cash fasthow to scale as we sink money into each property is definitely a major challengei have done a couple successful BRRRRs that helped preserve capitalhope this helps

I have an investor that will loan the down payment and so I am going in on this deal with no money down.

Can we have a USDA loan on an investment property?

Just my opinion.Bethesda’s Clark Building Sells For $30M, 22% Of Its 2019 Price (bisnow.com)West Loop Landmark In Shadow Of Willis Tower Sells For Nearly 90% Discount (bisnow.com)Blackstone’s Defaulted NYC Office Loan for Sale at 50% Discount - Bloomberg

Or the HML would provide the entire $1.5M?

I own a home and would like to brrrr it,  but i need advice on structuring the loan. 

If you have $15K in student loan debt and are paying it off little by little (your words)-what are the interest rates, how long will it take you to pay it off, does it affect your ability to borrow for a mortgages (or save the down payment)?