Quote from @Kathleen Andrade: I'm not a college guy, but I believe there is an office on campus (Greek Life?)

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.

Hey there - we are looking to invest in a couple vacation rental properties in Athens as part of the Greek Golden Visa program.

Booze is almost completely gone now -- my brother is a Mormon and I'm pretty sure I drink less than he does.I still like good coffee, but instant coffee and Greek frappe (if you don't know what that is, you're better off) is out.The big wrench in the works happened two years ago when a lot of my renovation physical activity caught up to me and I got arthritis in my hip.

What has been your experience with Greek housing?

The rare Greek revial style of the home with 16 inch thick concrete and brick walls makes this a fortress.

Hi All, I graduated SIUE and then left for a few years to work in Seoul, South Korea for my engineering firm.In less than a year my fiance and I will be returning to the STL area with the plan of investing in real estate with my saved up cash.I am trying to decide what the healthiest markets are for investing.

But heck that won't put a dent in your Greek sunscreen budget.As usual @Nicholas Aiola nails it.

I'm going to ignore the recommendation to stop smoking because I know a relative that has been smoking for 80 years and he's the healthiest person I know!

When I looked at the proforma I was lost, it was all Greek to me!