A DSCR loan allows investors to qualify for real estate financing based on the property’s rental income, not their personal income.

They inherited the property from his father, ran the home for many years, are facing some health issues and are retired.

Additionally, I am in the process of closing on a commercial property, which requires a $300K down payment by October 15.If I settle the tax bill, I won’t have sufficient funds for the property down payment. 

This allows someone to pay a high price, but get into the property without a lot of cash. 

For example a tenant has to meet certain qualifications to be able to rent your property: income, credit score, evictions, rental history, criminal history, etc.

The property we have is an investment property we would like to leverage to buy another one that’s 153kThanks for your reply! 

I self manage and I have a property 45 min away.

I recommend building your "core 4" (Real Estate Agent, Property Manager, Contractor, Lender) in your target market.

Before making the offer, we did a quick analysis and felt this property could work as LTR and possibly MTR, or STR.

Even though a DSCR loan or any other loan would not lend on the property.