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Results (3,564+)
Matthew Morrow Treat REI as a Buisness. Get started on the right foot
5 May 2024 | 5 replies
Adaptation and Learning:The real estate market is ever-changing.
Matthew Morrow Welcome everyone! REI is a Buisness- get started on the right foot
5 May 2024 | 0 replies
Adaptation and Learning:The real estate market is ever-changing.
Matthew Morrow REI is a Buisness. Start off on the right foot
5 May 2024 | 0 replies
Adaptation and Learning:The real estate market is ever-changing.
Matthew Morrow REI is a business. Treat it as such.
5 May 2024 | 0 replies
Adaptation and Learning:The real estate market is ever-changing.
Matt Randall Question about investing with a DSCR Loan
6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.
Jonathan Julian New software startup for contractors in CA
4 May 2024 | 0 replies
Here's how we can transform your operations:Compliance made easy: AutoOps ensures accurate calculations for complex pay structures, meets labor laws, and manages California CSLB Home Improvement Contracts (HIC).Customer Satisfaction at its finest: Keep your customers informed with real-time text message updates and offer contactless billing options for a smooth experience.Unleashing Employee Efficiency: Our software uses lean workflow design and automated task notifications to keep your team on track.Customization that fits your business: AutoOps adapts to your needs with customizable job reminders, reports, and data fields.We don't just sell software; we become your partner in success.
Bubba McCants Exploring Innovative Strategies in Today's Real Estate Market
3 May 2024 | 3 replies
I'm interested in discussing cutting-edge techniques that professionals are using to adapt to the current market trends.Some areas of interest include:Technology Integration: How are you incorporating new technologies like AI, VR, or blockchain in your day-to-day operations?
Glenn Mangold Advice for floor plan, FF vs AirBnB. Please help!
4 May 2024 | 14 replies
Make the space adaptable for both short-term and mid-term rentals, incorporating smart amenities.
Silvia Talavera Hello everyone! Newbie here!
1 May 2024 | 13 replies
Remember that real estate investing is a continuous learning process that requires adaptability and perseverance.
Arman Tannu Financing Advice for Potential Triplex Deal
30 April 2024 | 7 replies
ADUs and their income potential are a hot trend right now in real estate investing and as usual, the conventional lenders (FHA etc) are going to be slower to adapt