Good Morning!
If you want to acquire rental properties, but you are having issues proving your income - here's one tool you can use...
It's called a Debt Service Coverage loan.
We take the estimated amount the property would rent for. We take a percentage of that rental number (usually between 70% and 80%), and as long as that number covers the mortgage payment - you are ok income wise.
Down payments average around 20% on these type of loans - credit score depending.
If you think this might be a useful tool for you to acquire rental property - please let us know! We are happy to help!
Thanks for reading!
Have a great day!
Brett
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