We got a $50,000 deficiency against the borrower and secured it to their primary residence in 2nd position which had around $150k equity.

Hello all,My fiance and I recently moved to the Bay Area and are currently under contract for our first primary home together.My real estate experience is relatively low with a single LTR under my belt and looking for ways to grow.

That consists of buying a single family home with some form of separate living space to rent out as a STR and help offset living expenses.The DownsideLenders Calculate STR/MTR Rental Income Differently- From a lender's perspective, any rental income received on a term less than 12 months is NOT calculated the same way a traditional long term rental is.

For those that are on the fence about investing now, or waiting, or just exploring where investors can pick up some points of leverage, the primary area of focus will be in how the deal is financed.  

When my air conditioning breaks at primary residence I do not pay someone to call someone for me.

Whether you're a new investor or looking to scale your portfolio, qualifying for traditional loans can be a challenge—especially if your personal income doesn’t meet the strict requirements.That’s where Debt Service Coverage Ratio (DSCR) loans come in as a game-changing solution for real estate investors, providing an easier way to finance properties based on the property's cash flow rather than your personal income.What is a DSCR Loan in Real Estate Investing?

No - her old primary residence is vacant and ready to rent and a *RETAIL* SFR purchase from 2014 is vacant.

We do own our primary residence but as far as investments go, this is not the place at the moment.

no, it's getting worse. will not add another property with them... it's been an absolute disaster and I tried to give it every chance because they are integrating tech with traditional.

I might as well go for the traditional loan, I guess.