These models capture the primary expenses associated with fix-and-flip and long term rental/BRRRR investment projects and provide an estimate of total cost and profit/returns.Shoot me your email if you'd like a copy of either or both.Hope you find helpful in reviewing your projects!

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Hi Dave, some agent and wholesalers just make the call even though numbers are associated with the DNC list.

And to be honest, I was invited as a guest by one of my associates so I went for free.

And even when you do refinance - it will take a year or more to recover the costs associated with the refinance (the closing costs they charge for the refi).  

Also people who make money by having people purchase STRs have vested interest in under representing the associated risks.  

And outside the exchange the exchanger now owns a note secured by the property they sold that has no tax associated with it other than the interest portion of each payment.The key is finding a buyer for the note, or having enough cash to purchase the note from the exchange account. 

I have friends and family and associates there.

Call all the auction companies in your area and get on their mailing listing (make a personal contract with auctioneer associates - let them know that you are a buyer)  they will email you a list of up-coming foreclosure auctions.Your benefit by getting to the owner early, is that you may be able to 1.take over the mortgage by making up the back payments 2. get a deed signed, 3. take over the existing mortgage 4. advise the owner how to delay or stop the mortgage foreclosure 5.

You of course can utilize both strategies however the adminstrative costs associated with owning the property becomes higher.