All Forum Posts by: Emil Kostov

Hey guys, I'm in the final stage of purchasing my first investment property and before I proceed forward, I'd love to get an extra piece of the priceless BP advice on the DSCR loan I got from the mortgage company. A bit nervous as a leaf in a tornado about the transparency of the quote. I'd appreciate your eagle eye analysis and getting an idea if I'm treated fairly, and if not, can anyone point me in a better direction, please? Thanks.

Dear BP family, a true follower from NY, married with three kids needs a bit of advice. We're about to pull the trigger on a property with a DSCR loan in our names, but have a big dilemma. Yes, it's been discussed before, but I believe a pearl of extra wisdom would be very helpful. I'd like to learn more about the most crucial tax/legal differences or challenges we may face if we put the property in our names now and transfer the title to the LLC afterward, or, put it on the LLC right away and before closing, please. All input is truly appreciated. Thank you. Cheers.

Hey Justin, it's really nice meeting you. Is ATTOM API the source you're reffing above? And if not, can you enlighten all of us so that maybe we narrow down personally which software to use on a daily basis, please? At this point now is all about apple to apple kinda thing. Thank you.

Take a look at these Google Drive files here.

Hey guys, I am about to pull the trigger on my first DSCR property, but in the meantime, I don't want to just vacant-state my mind but start looking for a second one. I found one, but since the competition is furious, I feel like I'm rushing with the numbers and honestly don't feel 101% confident with my analysis. To avoid paralysis, I welcome your expertise, please! It means a lot to me to learn from all of you. PM for details, I'd try to reply back later today.

Sorry, I had to edit my post.

@Hugh Thompson can you elaborate on the red flag, please? I wonder how do I "test" the lender?

the lock period

I totally agree with you but wanted to get an extra opinion from way more experienced than me people. The thing that makes me nervous is that the lender told me that we can refi in 6 months period but I see a different number on the quote.