He was going to pay cash. We got him two properties in 9 days instead.
Some investors don’t want to hand over two years of tax returns, a stack of pay stubs, and their firstborn just to buy a rental.
Good news – they don’t have to.
Let me tell you about a client we just closed.
He had the cash to buy the property outright. Was ready to write the check and call it a day. But before he did, we had a quick conversation.
Instead of putting 100% cash into one property, he used 50% down on a DSCR Loan – and bought two.
Same money. Twice the real estate. His net worth didn’t just grow, it doubled overnight. And the rent on both properties more than covers the mortgages. The deal pays for itself.
Oh – and we closed in 9 days.
That’s the power of this program.
The DSCR Loan qualifies based on the property’s cash flow, not the borrower’s personal income. No income docs. No DTI calculation. If the rent covers the mortgage, we’re in business. (Can even be a little upside down)
For purchases, we use market rent or the existing lease. For refis, we can use up to 120% of the lower of market rent or lease.
If you’ve got a client sitting on cash who’s thinking about buying investment property – send them my way before they write that check.