How to Buy an Investment Property - No Employment or Income Needed
Buying a rental property is easier than you think. If you’re wanting to buy an investment property, you should consider the DSCR loan, and here’s why.
There is NO employment or personal income needed to qualify.
DSCR stands for Debt Service Coverage Ratio, and here’s how it works. If the mortgage payment is covered by the rental income, then the deal qualifies. In other words, if the property has a $3500 monthly mortgage and you’re collecting $3500 in rent, you’ve got a deal. Again, no need to show employment or personal income. This loan is NOT based on your personal debt to income ratio…that’s the beauty and it’s also what makes this loan so incredibly simple.
DM the word ‘RENTAL’ to learn more.
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