Quote from @Meshael Eady: Hello BP Family,Starting today I will be marketing to folks in Brooklyn who might be in danger of losing their homes to foreclosure. 

I just starting to get active in Bigger Pockets and saw your post today.

Out-of-state real estate investing could be a good option, as it allows you to leverage your capital without the day-to-day hands-on work.

I'm grateful for my real estate investments and having a property manager to answer the phone on days like today.

But I'm wondering if the LLC loan is a no-go for banks. 3) Last question- i'm seeing rates on DSCR loans in the 7.2% to 7.5% range, in addition to 1 to 2 points and they likely track 10 yr treasuries (4.26% as of today).

Selling could net ~$60K after costs, relieving financial stress and providing a reset for future investments.

Risk of Losing Multiple Properties: If the borrower defaults, the lender can seize all properties used as collateral, which can lead to significant financial loss.2.

The key is to assess your current financial position and goals.

DSCR loans are ideal when your debt-to-income ratio is a concern, as they focus on the property’s cash flow rather than your personal financials.

If, after the first ten (10) days after you take possession of the Rental Unit, it becomes necessary for us to undergo including, without limitation, prevention and remediation in your Rental Unit and/or on the Premises, you will be held financially responsible for reasonable costs thereof, paid as Additional Rent.