All Forum Posts by: Rosie Small

I have 9 SFH rentals cash flowing really well in Bradenton Florida, I bought the in the last 2 years, single family homes and I have one under rebab . I have 2 ADU's giving me 11 doors. Just quit my good paying job in July in order to grow my business .

75% LTV, NO SEASONING, CASHOUT REFINANCE, $ 10,000 IN DISCOUNT POINTS but 1% orig fee and $ 2000 underwriting fee. Maybe it is ,10 years interest only , 5 year ppp. I dont know.

please 

Thank you for giving me more information, I will be checking the link, 👍

Robin thank you for taking the time to respond so eloquent, I did 7 Cash out refinance in the last 12 months , all DSCRs, many didn't need the seasoning time , but I have an excellent credit, all at 75 % ltv, rates from 4.25 and the latest one was at 5.95%. With rates going higher and the real estate changing rapidly , with your profesional opinion , what's the future for DSCR LOANS, like interest rate, LTV, and terms.?

thank you so much again

thank you Robin , it will be okay either way but with this kind of un know , I will be better to have 2 tenants than one paying a large rent.

Hi NICK

in this house both tenants will have the same address just A and B at the end of the address , this house has to entrances, 4 bedrooms 3 bathrooms, plenty of parking . house it self will rent for $ 3,000 , but its harder to find the tenant for a large house, if I rent both sides it will a minimum of $ 3200, but it is a lot easier to rent 2 unites at $ 1600. Thank you Nick, as you see some other mortgage brokers said no to 2 lease contracts, that's why is so confusing

I'm buying a 2000 sqf SFH, corner lot with 2 entrances , 3 bed 3 bath, I was planning to make a 4th bedroom, and add a second kitchen and rent the 2 unites, my insurance will cover both tenants and the property even is used as a multi family even if it is a SFH. I'm planning to cash out refinance in 3 months with a DSCR LOAN. WOULD THE LENDER TAKE BOTH RENTAL AGREEMENTS in order to cover the debt service?

I understand that you are trying to maximize profit, if they are under a year lease contract you will have to wait for them to finish the lease, if they are month to month than you can send a 30 day notice , at least in Florida ,check your local laws, than advertise the unit as a 2 bed 1 bath and charge accordantly . Good luck

actually I used it on my favor the heavy appreciation in the market and I Brrrr many properties, now Im changing my strategy to buy really conservative and make sure that cash flow even with a high interest rate. maybe now I can stop knocking at doors....