While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).

@Rachel Fazio,In a closing, the title company and your attorney perform two distinct and separate functions.The title company performs research on the chain of title and arranges your title insurance, to make a long story short.

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The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

If I were to get this type of assignment, I would either turn it down or ask for a high fee, for the extra research and analysis, and potentially additional liability, involved.There are 2 distinct issues here: #1) How the lender will view it and underwrite it.and#2) How the appraiser will look at it and approach the valuation problem.And those viewpoints are not always aligned.

:@Karl Krentzel you have devoted way to much time to this convo lol and have blown up my keyword alerts haha  LOL... sorry about that.. just hate seeing people who AREN'T Agents, or REO Brokers answer questions so confidently whilst lacking a basic knowledge of Sales... much less the finer distinctions that are Ethics as well as REO Procedures...

However, this deduction gradually phases out for higher-income individuals.Passive Participation Limitations: Passive losses can't typically be used to offset other sources of income, but they can be carried forward to future years when passive income or when an investor becomes an active participant.It's crucial for real estate investors to understand these distinctions, as they significantly impact tax implications and the ability to offset income with losses incurred from real estate activities.

A lot of OOS investors, who recognize investment property as a passive play and retirement vehicle (important distinction), not a vehicle to replace their current job or income level, are not banking off appreciation.

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If buying a condo/apartment (in PR we don't make the distinction like in the states) I would stick to Condado/Isla Verde/Miramar in San Juan since you can rent it to tourists as well as locals.