Question 1

Can I get investor financing in Alturas with no California landlord experience?

Accepted Answer

Yes. DSCR lenders care about property cash flow, not your resume. First-time investors qualify if the numbers work and credit meets minimums.

Question 2

How long does Alturas investor loan approval take?

Accepted Answer

Plan 45-60 days minimum. Appraisals alone take 3-4 weeks in Modoc County. Rural transactions need buffer time for title work and inspections.

Question 3

Do I need reserves for Alturas investment properties?

Accepted Answer

Most lenders want 6 months of principal, interest, taxes, and insurance in reserves. Some require 12 months on rural properties as risk cushion.

Question 4

What down payment do Alturas investors typically make?

Accepted Answer

20-25% is standard for single properties. Portfolio investors sometimes negotiate 15% down but face higher rates and stricter DSCR requirements.

Question 5

Can I use projected rents for DSCR in Alturas?

Accepted Answer

Lenders prefer signed leases or tenant history. Appraisers can estimate market rents, but actual income documentation strengthens approval odds significantly.

Investor Loans in Alturas: Small Market, Smart Opportunities