Original loan value of $163K taken out in 12/2009 with Bank of America.

The property was bought and renovated with cash, so there are no financing costs—just the opportunity cost of the investment.Comparatively, I’m currently earning 5% in a money market account and 10% from participating in hard money loans.

My plan is to raise capital for the down payment through an investor and create an LLC with my father to get approved for a DSCR loan.

Have you loked into DSCR loans at all?

Looking for possible loan options for repairs

Does anyone have any experience with Offer Market for DSCR loans? 

If you are using your VA loan it does not really matter if you get the 1% rule.

It’s in an area where OKC demolished some historical black neighborhoods to make room for the health center and interstate, and it’s finally starting to get momentum to rebuild.

The current owner has 27 years and $247,600 remaining on their loan at 2.875%.

Is there a specific reason why you are looking for a non-recourse loan?