Only Wendell was actually "cheaper" on paper.

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.

I actually work out of the same office with you.

I would guess 15-20% down payment would be required.

I’ve dropped the price twice, and folks are telling me it’s actually below the market price rn.

For example, on top of down payment & credit score, you also need to factor in the actual DSCR percentage and if there is a prepayment penalty or not.

I haven't gotten that far myself, but I did just this week close on a HELOC so I'm ready when I find the right deal at this point.I guess at this point you just keep on moving forward, taking steps.

If you are looking at more DSCR type options for a stabilized property, then you can layer in market or actual rent, taxes and insurance estimates to calculate DSCR rate.

I'd pay it.Also, my guess is that this is an older home?

Corpus Christi is actually a pretty exciting place to invest.