Looking for help and to be of help

[Danny Ramos]

Hi BP! I have been devouring Bigger Pockets content for 8 or 9 months now, buying books, and trying to learn as much as I can about real estate. I have totally fallen in love with real estate! I don't have much of an investor history but I have been house hacking in my current home for 8 years and recently bought an STR in Arizona. I live in Naples, Florida and am an owner of a small HVAC company. I make ok money combined with my girlfriend's RN salary but, especially after depleting most of my capital for the Arizona home, don't have the DTI nor capital to invest here locally. It is frustrating because I have so many connections and skills from being in the trades for 20 years in Naples. I do have some connections for private and hard money lenders but the with the prices so high here and me being such a newbie I'm scared of screwing up a deal and completely strangling my investor career while it is still in the cradle. I do plan on investing out of the area for more STR's but feel like I have great advantages here locally but am not confident in my skills underwriting. If there are any experienced investors out there doing, or looking to do deals here in my area I would love to help out in any area I can. Thanks for your time!

[Mike Klarman]

I personally never heard of 90% LTV on DSCR. I see 80% max on all DSCR we do and you need to be 700+ to get 80%.