What to Do When Your Rental Property Doesn't Meet DSCR Requirements

What to Do When Your Rental Property Doesn't Meet DSCR Requirements

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Q: Hi Beau, I own a rental property that doesn't meet the DSCR (Debt Service Coverage Ratio) requirements. What steps should I take to address this issue?

Thank you!
Ben

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Timestamps:
(00:02) A question from Ben regarding a rental property not meeting DSCR requirements.
(00:28) Using alternative document loans and a 12-month bank statement loan as possible solutions.
(00:56) Some lenders accept DSCR as low as 0.80, while most prefer 1.25 depending on the scenario.
(01:04) Other solutions include a two-year Bridge Loan.

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#RentalProperty #DSCRRequirements

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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