Turn your equity into your next rental. Qualify on rent. Close in your LLC.
Turn the equity in a rental you already own into the down payment on your next one. A DSCR cash-out refinance qualifies on the property's rent, not your tax returns, and can close in your LLC.
DSCR = Monthly Rent ÷ Monthly PITIA (principal, interest, taxes, insurance and HOA). A 1.00 ratio means the rent covers the full payment. Example: $2,900 rent ÷ $2,900 PITIA = 1.00. Above 1.00, the property cash flows. Below 1.00? Most of our investors go as low as a 0.75 DSCR, and No-Ratio programs are available when the rent doesn't need to cover the payment.
A signed long-term lease.
The appraiser's market rent schedule (Form 1007).
Short-term rental income (Airbnb, VRBO and similar), based on rental history or market data, depending on the investor.
Your investing experience affects which rent source and minimum ratio an investor accepts. First-time investors may need a 1.00 or higher.
Add a partner or family member to title or your LLC and qualify using their credit.
No ownership seasoning required with some of our investors. Others require 6–12 months of ownership before a cash-out.
Close in your LLC, with no tax returns, W-2s or pay stubs.
Minimum 620 credit score. Foreign national programs do not require a U.S. credit score.
Do you own an investment property today?
Yes shows how to turn that equity into your next properties. No goes straight to the purchase calculator.
A DSCR cash-out refinance replaces your current loan with a larger one, typically up to 75–80% of the appraised value depending on the investor.
The difference between the new loan and your current balance, less closing costs, comes back to you as cash.
That cash becomes the down payment, closing costs and reserves on one or more income-producing properties.
Each new purchase can be financed with a DSCR loan that qualifies on that property's rent and can close in your LLC.
Choose a property that rents for at least its full payment, or close to it.
We use the lease, the appraiser's 1007 market rent or short-term rental data instead of tax returns.
DSCR purchases can start at 15% down with some investors. TAG recommends 25% down so the property cash flows and to avoid Loan-Level Price Adjustments (LLPAs) that apply when rent does not cover the payment.
Close as an individual or in your LLC, then repeat on the next one.
Enter your own numbers to see a hypothetical illustration. TAG Lending Group does not quote rates on this page: enter an interest rate assumption to see payments, cash flow and DSCR. Your loan officer will give you actual terms for your scenario.
As little as 15% down with some investors. TAG recommends 25% down to cash flow and avoid Loan-Level Price Adjustments (LLPAs) when rent does not cover the payment.
Closing costs are estimated for you at 3% (low) to 5% (high).
Estimated cash out
–After 3–5% closing costsAdditional properties
–Properties controlled
–Total monthly rent
–Est. net monthly cash flow
–DSCR per new property
–Loan amount
–Est. cash to close
–Principal & interest
–Total PITIA
–DSCR
–Est. monthly cash flow
–Before vs. after (monthly)
Enter your name, email and phone to get a PDF of these numbers you can text to yourself or save.
Your numbers from our proprietary Roadmap to Homeownership® Roadmap Tracker. Tell us where to send it, then text it to yourself or save it.
A TAG loan officer may reach out to walk through your scenario. Hypothetical illustration only, not a rate quote or commitment to lend.
Hypothetical illustration for educational purposes only. Not an offer, a rate quote or a commitment to lend. Results depend entirely on the assumptions entered and do not include vacancy, repairs, management, capital expenses or changes in rent, taxes, insurance or value. Payments shown are principal and interest on a 30-year amortization; actual programs, terms, LTV limits, reserves, minimum DSCR and closing costs vary by investor. Minimum 620 credit score; foreign national programs do not require a U.S. credit score. Business-purpose investment property financing only. Investing in real estate involves risk, including loss of equity. Consult your own tax, legal and financial advisors. TAG Lending Group, LLC, NMLS #2329372. Equal Housing Opportunity.
A hypothetical example, before closing costs and reserves. Not a projection of any borrower's results.
1 rental worth $500,000 with a $150,000 loan balance
$350,000 of equity sitting in one property
1 rent check each month
Cash-out refinance at 75–80% LTV: a new $375,000–$400,000 loan frees up roughly $225,000–$250,000
That covers 25% down on two $350,000 rentals ($175,000), with the rest toward closing costs and reserves
3 rentals and about $1.2 million in property controlled, with 3 rent checks a month
More leverage also means more debt and larger payments. Every property must support its own payment, and your loan officer will run the numbers on each one before you buy.
Investors with built-up equity in a rental who want to grow a portfolio without selling.
Self-employed investors who prefer to qualify on rent instead of tax returns.
Investors holding, or planning to hold, properties in an LLC.
Foreign national investors refinancing a U.S. rental they already own.
Realtors and builders whose investor clients need cash to close on the next deal.
Brokers and MLOs with investor cash-out scenarios that need a non-delegated correspondent partner.
Buying in an LLC? Start with our guide: How to Start an LLC in Florida for a DSCR Loan.
Send us the property you own and the one you want to buy next. A TAG loan officer will match both to the right DSCR investor programs.
Connect To A Loan OfficerMinimum 620 credit score required. Foreign national programs do not require a U.S. credit score.
Business-purpose investment property financing only. Not available for primary residences. Maximum cash-out LTV, loan amounts, reserves, ownership seasoning (none required with some investors), eligible rent sources and prepayment penalties vary by investor, DSCR and experience; higher credit scores may qualify for higher LTV. All loans subject to credit approval, underwriting guidelines, investor program availability and property eligibility. Programs and terms may change without notice. This is not a commitment to lend. TAG Lending Group, LLC, NMLS #2329372. Equal Housing Opportunity. Mortgage lender in FL, GA, MI, NM, OH, SC, TN and TX; mortgage broker only, not a mortgage lender or mortgage correspondent lender, in CT, NJ and PA.