Question 1

Can I use projected rent for a DSCR loan in Millbrae?

Accepted Answer

Most lenders accept a market rent appraisal for vacant properties. The appraiser documents comparable rents in the area to establish income potential. Some require a signed lease for the best terms.

Question 2

How many investment properties can I finance at once?

Accepted Answer

Portfolio lenders typically allow 5-10+ financed properties, well beyond conventional limits of 4-10. The exact number depends on your experience, reserves, and overall financial strength.

Question 3

What down payment do I need for my first investment property?

Accepted Answer

First-time investors typically need 20-25% down for single-family or condo investments. More experienced investors with strong credit may qualify for 15% down programs on certain property types.

Question 4

Do I need LLC ownership for investor loans?

Accepted Answer

LLC ownership is not required but many investors prefer it for liability protection. Most lenders accept both individual and entity ownership, though some programs have specific requirements.

Question 5

How does Millbrae's market compare for investment returns?

Accepted Answer

San Mateo County properties typically appreciate well but may show lower cash-on-cash returns than other markets due to higher purchase prices. Many investors focus on long-term appreciation and equity building.

Investor Loans in Millbrae: Finance Your San Mateo County Investment Property