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5 November 2024 | 28 replies
The number of properties an LLC owns can influence DSCR (Debt Service Coverage Ratio) loan approval for several reasons.
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1 November 2024 | 8 replies
If you want to proceed, please gather these few documents, and email them over to me.Photo ID: Please provide a clear copy of your valid photo identification.Proof of Social Security Number: Documentation confirming your Social Security Number.Homeowner Insurance Declaration Page: Is the cover letter with your policy number and coverage amounts.
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30 October 2024 | 6 replies
The best thing you can do now is see what your state requires from sellers and wholesalers, and if there is some coverage by the state for liability on the wholesaler, then you can go after them for these issues and even the seller.
29 October 2024 | 8 replies
I don't think I've ever paid over $200 a year for a million dollar umbrella policy for some additional coverage.
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30 October 2024 | 9 replies
Their attorney will want to take inventory of what insurance coverage is available and the best way to do this is by naming both parties as defendants.
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1 November 2024 | 22 replies
Shannon,So, does this coverage contribute to and dictate the calculation of your rental price?
1 November 2024 | 11 replies
Whether you decide to rent your current home and move or buy an investment property to rent or flip, having the right financing strategy will be key to making sure your deals are profitable and sustainable.Here are a few loan options that might help based on your strategy:DSCR Loans (Debt Service Coverage Ratio) – If you're looking to buy a rental property, this could be a great option.
30 October 2024 | 10 replies
There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).
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28 October 2024 | 6 replies
Some loans like DSCR (Debt Service Coverage Ratio) loans are based on how the property operates as a rental (income, expenses, etc). 4.
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28 October 2024 | 13 replies
Either mesh system will help with coverage because you can place each node throughout the house.