Sometimes people can be misinformed, thinking these are loosely originated mortgage loans akin to the “NINJA” (no income, no job, and no assets) loans that were common in the early 2000s and helped lead to the last real estate crash.After reading this guide, you should be both well-equipped to know what to expect in the DSCR loan underwriting process and be able to dispel any myths about DSCR loans being a repeat of the poorly documented “no doc” loans of the past.

I'm comfortable with putting together estimates for the rehab, at least for the up-front financial analysis prior to getting real bids from contractors.What I'm less equipped to do is project the lease up story based on supply, demand, and other factors relevant to the area.

Technical issues with "impact studies" results and who pays for mitigating environmental issues is another.On small projects, equipment upgrade costs for substations can be a showstopper.

This ain't my 1st or even 1,000th rodeo, so been there and done that myself and readily capable to equip clients with what it all looks like, how it's goes from someone who's done this 1st person vs theory. 

On top of the line of credit, we have also equipped them with unsecured revolving lines of credit totaling $377K in which they use strictly for renovation.

Think about beach equipment rentals, mom and pop restaurants, maybe a mobile chef or masseuse, etc.

The approved contractors have to meet insurance guidelines (often not met by an average company), typically are certified by national and state agencies in home energy efficiency, and invest around $10k in energy testing equipment just to participate.

Additionally, you might want to install a fence with a self-locking gate and make sure all pool equipment is up to code.

Working with a CPA ensures you are fully prepared and equipped to take advantage of the latest updates.

The Section 179 deduction allows you to deduct the full purchase price of qualifying equipment or property in the year it’s placed in service, rather than depreciating it over 27.5 years.