Real Estate Investing with Coach Carson #413: DSCR Loans Explained: How to Qualify Without a W2 or Tax Returns
May 26, 2025
In this engaging discussion, mortgage expert Bryan Maddox shares insights into the world of DSCR loans, reassuring investors that rental income can help them qualify for financing without traditional documentation. He covers the advantages of these loans, such as flexibility and reduced paperwork. Bryan also offers tips on avoiding common pitfalls, understanding cash reserves, and navigating lender requirements. With his expertise, he simplifies the complexities of real estate investing, making financial freedom feel attainable.
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DSCR Loans Use Rental Income
- DSCR loans qualify borrowers based on property rental income, not personal income or traditional documentation like W-2s or tax returns.
- This makes DSCR loans highly flexible, ideal for entrepreneurs, self-employed, or investors without traditional income proof.
Flexibility of DSCR vs Conventional
- Conventional loans follow strict national guidelines with little flexibility; DSCR loans offer varied lender-specific rules.
- You don't need to qualify based on your personal debt or income but rather on the property's income, opening access to many more investors.
Who Benefits from DSCR Loans
- Use DSCR loans if you're self-employed, proudly unemployed, or want to avoid heavy paperwork.
- They serve as backup options when conventional financing is unavailable or cumbersome.