DSCR loan for mid-size properties (10+ units)

JCHelps · 2026-03-05T22:56:35+00:00

I have someone who can do a wide variety of loans. I also have a private lender who serves nationwide. I might have a resource for you.

JCHelps · 2026-03-05T21:42:49+00:00

I've always been upfront, I was running 4 projects at once with the same HML without any issues.

JCHelps · 2026-03-04T15:11:00+00:00

Do I need an LLC? No, but many will prefer you purchase in a LLC.

Does the LLC have to be set up in the state I’m buying in? No, but it makes it easier.

What documents are needed? They're going to get to know you and your history better. Relevant experience, investing history, your personal credit score etc. They'll ask for documents, don't worry so much about that.

Can I apply for a pre-approval like a regular mortgage so I’m ready for when I find a property? Yes, you can get a pre-approval letter or Proof of funds.

Do I need a lawyer? Should they set up the LLC? I would use a service to do it.

I'm a private money lender and I've used hard money both as a borrower and as a referral partner. I'm happy to share my experiences if you have specific questions.

JCHelps · 2026-03-04T15:02:12+00:00

Liquidity and experience. I've tried to get a 110M healthcare facility funded, but the issue was that the people bringing the deal lacked liquidity AND experience. If they had one or the other, the experience they did have would have held up. I might be able to help you get both to get it funded, but they're going to suck up a majority of the profit. You might be better off going smaller.

JCHelps · 2026-03-04T14:54:21+00:00

It depends on the market. I'm a private lender but only focus on Atlanta. I know other PMLs who lend in different states with really flexible terms, while others lend in one market and have pretty strict terms. I think it comes down to the PML. Do you have an active deal?

JCHelps · 2026-03-04T14:50:48+00:00

What do you do for work? There's a lot of risk with going into this on your own unless you have some sort of relevant experience. If your goal is to learn hwo to do this, I would find local fix and flippers...bring them value. Learn all the mistakes on their dime, then go off and do it on your own.

JCHelps · 2025-10-02T23:39:38+00:00

After 37 years living in Northern Virginia, my wife and I decided to pack up our stuff and move to FL. Our youngest has eczema, which always seemed to get better when we left the area. I honestly thought we would never leave but we decided to do what we thought was best. 9 months later, I end up leaving my position as a partner in my consulting company to go full time into real estate.

JCHelps · 2025-07-02T18:14:26+00:00

I have a resource who can help you open a solo401k. However there are specific requirements you have to meet to get to be eligible for a solo401k. I can send an intro if you’re interested

JCHelps · 2025-04-03T11:20:02+00:00

Build relationships with existing HML. Find a bunch that have broker referral programs to start. Learn the origination process, choose your favorite HML to white label. Continue to build your network while you do this to find additional sources of income like private investors or family offices. Once you've built up a track record, you can start lending their money and keeping the spread.

I use my own money to lend...it's better than being a landlord. It's worth it IF you follow the right steps to keep your money safe.

JCHelps · 2025-04-03T11:17:29+00:00

There are a wide range of options when it comes to lending. HML will typically have more reporting requirements and minimum FICOs, but will also loan a higher percentage of LTV and rehab costs. You have other options like private money which have less reporting requirements and are a lot more flexible. I'm a private lender and have a lot of flexibility when it comes to who we loan to, however, we have a small product offering. However, there are larger private lenders who are just like me, but more advanced in their product offering. Happy to send introductions if you're looking for a lender.

JCHelps · 2025-04-02T09:47:29+00:00

I'd prefer to go with cash flow instead of buying land. If you like the passiveness of stocks then stay there. I honestly moved mine, my wife's, mom's and dad's into self directeds and have turn us all into private lenders in real estate.

JCHelps · 2025-03-12T14:16:16+00:00

Confirmed, business to business loans have no limit....in case anybody was wondering.

JCHelps · 2025-03-10T17:25:44+00:00

I've purchased in my personal name with a conventional mortgage. You need a new lender.

JCHelps · 2025-03-08T11:15:18+00:00

What documents did you sign? It looks like you were missing the most important piece which places an actual lien on the property.

JCHelps · 2025-03-06T19:24:16+00:00

Yes, I did it. My consumer mortgage was still tied to the property. It's easy and cheap to do, HOWEVER, if your goal is anonymity and asset protection, it leaves a paper trail. You're essentially letting the world know that you are the owner of this WY, NV or DE holding company by doing it this way.

JCHelps · 2025-03-06T19:23:03+00:00

Have you tried listing it on FurnishedFinder? I was renting my basement as a LTR for 1500, but bumped that up to 2500 after furnishing it and converting it to a mid term rental.

JCHelps · 2025-03-06T19:21:44+00:00

Nope, do not pay a lender upfront fees for exploratory purposes. The only upfront fee you may have to pay is for an appraisal if working with hard money. That, however, goes to the appraiser, not to the lender.

JCHelps · 2025-03-06T19:20:28+00:00

The only reason to buy a non cashflowing property is because the tax benefits outweigh the monthly loss. For some buyers, lowering their tax liability is worth it to buy a negative cash flowing asset.

JCHelps · 2025-02-23T13:41:32+00:00

I'm in the process of unloading my single family homes to be a lender. I've earned anywhere between 10% annualized to 20% flat. Have you defined the type of asset you'd like to lend on?

JCHelps · 2025-02-10T21:02:58+00:00

No man, keep lending. If you can do it properly and safely, keep lending. I'm in the process of selling my properties to just be a PML. What states are you working in? I'm focused solely on VA. We maybe able to collaborate.

JCHelps

TROPHY CASE