Hi Fernando....I'm a broker looking for a company that does DSCR loans with no or very little seasoning to allow for the value instead of the Purchase Price.

Just to give you an education on the market -  the price of a good investment home in Phoenix is around $400K. 

Purchase price: $25,000 Cash invested: $45,000 Sale price: $70,000 Foreclosure auction.

(August 2022)Single-family residence buy & hold investment.Current Value Estimate: $410,000 Purchase price: $345,000 Cash invested: $5,000

Price RangeDefine your financial boundaries based on available capital and borrowing ability:For Class A & B, financing typically covers 75%-80% of the purchase price, allowing you to buy properties in the $6M-$12M range if you have $2.3M total cash.For Class C & D, due to higher risk, the price range might be reduced to $5M-$10M with the same cash.5.

2) What is the average rent in this market and how does your asking price compare?

When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

Single family usually doesn't make much sense from a rent/price ratio in A-B areas unless you are doing a rehab.

,  it helps tons when you know someone like your husband that knows how to flip and work on a home himself, a lot of people myself included have no connections at all to flip a home and it could be daunting just thinking about it.Did you get your asking price of $299.633?