Financing to buy the next one.

Purchase Financing, step by step.

1. Start with the exit, not the entry. Are you holding this property or selling it? A buy-and-hold points toward DSCR. A renovation and resale points toward fix and flip or bridge. That single answer eliminates half the shelf.
2. Size the down payment honestly. Business-purpose purchase leverage generally runs 75 to 85 percent of the purchase price depending on program, credit, and property type. Budget closing costs and reserves on top of that, not inside it.
3. Get the pre-qualification before you write the offer. Sellers weigh certainty. A pre-qual letter from a broker who has actually reviewed your file is worth more than a faster close you cannot document.
4. Order the appraisal early. On a purchase, the appraisal is usually the long pole. Everything else can be worked in parallel.

The most expensive mistake on a purchase is picking the program after you are under contract. Twenty minutes on the phone before you write the offer usually saves two weeks later.

Built for these borrowers.

• Investors buying their first rental and unsure which program they qualify for
• Portfolio operators past the conventional financed-property limit
• Buyers who need to close faster than a conventional lender can move
• Anyone taking title in an LLC rather than personally

Documents to gather.

• Executed purchase contract
• Entity documents and EIN letter
• Reserve and down payment statements
• Lease or market rent analysis, for buy-and-hold
• Scope of work and budget, for renovation purchases
• Insurance quote or binder