The benefit of working with DSCR lenders is that those lenders generally have shorter seasoning periods to use for doing a cash out on the new appraised value- such as three or six months.

Fellow investors,Recently quit my W2 job(commercial General Contractor) to pursue full time real estate investing.

A lot of investors think they can pull cash out no matter the payoff the have in place and the generally 75% LTARV often saddens many. 

Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

Hi Brian,In general, most DSCR lenders will not allows lease options in the lease agreement.

Here in SoCal I am very high on Chula Vista, Bonita and SDSU in general especially with the conventional center under construction.

Your situation is different than the majority of people on the boards and the general population; you have a paycheck for life. 

If you are looking to fix and flip, would determine if you are planning to do the work yourselves, holding costs associated with the timing, or if you are going to use a General Contractor- make sure you have some good folks in place first. 2.

We want to travel and invest and are considering converting this short term rental to a long term rental to avoid sales tax, paying utilities and general management of the property. 

A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants/higher rents & reduced management expenses Tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property.