Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Whether it was a brilliant strategy, perfect timing, or just plain hard work, share the details!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I was hoping that someone could explain this method a little more in detail as I have really only heard the few soundbites on Facebook Reels and whatnot.

@Judith Aguilar, @Scott Scoville and @Jake Andronico would you mind PM'ing details about your brokers?

Keep detailed records of all expenses.As for tax professional recommendations in Cleveland: As accountants, we are not allowed to promote our services as it is against BP rules.

It’s also a good idea to outline what happens if they don’t leave on time.Next, draft a Rehab Permission Agreement that details what renovations you can do while they’re living there.

@Mark Ainley @Tom Shallcross @Jake Fugman @Henry Lazerow @Crystal Smith @John Warren @Sarita Scherpereel @Jonathan Klemm  Without getting into details we had a similar situation years ago in Bronzeville.  

That's informative, and creates more detailing questions.

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.