Question 1

Can I use projected rent if the property is vacant?

Accepted Answer

Yes, DSCR lenders use an appraisal's market rent estimate for vacant properties. You don't need a tenant in place before closing.

Question 2

How many investment properties can I finance?

Accepted Answer

Portfolio and DSCR programs have no hard cap on property count. Approval depends on overall portfolio performance and reserves.

Question 3

Do I need six months reserves per property?

Accepted Answer

Most lenders want 6-12 months of principal, interest, taxes, and insurance in reserves. Requirements increase with multiple properties.

Question 4

What if my debt-to-income ratio is too high?

Accepted Answer

DSCR loans ignore your DTI entirely. They only care whether the property's rent covers its own mortgage payment.

Question 5

Can I buy a property that needs major repairs?

Accepted Answer

Hard money loans fund distressed properties. You close fast, complete repairs, then refinance into a DSCR or conventional loan.

Investor Loans in Greenfield — Rental Property Financing for Monterey County