Light renovations What was the outcome?

Hoping to get recommendations on any reasonably low cost options to meet this requirement.

The approval process is much less intensive than it would be for a conventional loan as the DSCR loan is low doc and will primarily be based off the cash flow of the property and your FICO Score.

I'll cut some and call in the pros for the other.On a positive note Lake Hartwell was about 7 feet low and is now nearly full.Trying to get someone to move my dock back into the shore.

Hi Diane,If you're looking at properties with purchase price values under that 75k mark then your best bet is to start with a light rehab loan scenario.

Also need to focus on markets/communities that strike the balance of relatively low land cost, strong rental demand and include professional property management to strategically minimize vacancies and maximize rental income from day one.If you have more questions, feel free to reach out!

Plus as rates continue to drop you may see rates come back to where they were in late 2019 or 2020 in the low 4's.  

Low leverage, let time and inflation work their long term magic, keep the units occupied as much as possible. 

We were super lucky to have hit relatively low rates (15-year 2%-3% range) that we would not see again today.The Dallas property is now rented, giving a almost zero cash flow over a 15-year fixed mortgage, until the recent HOA increase pushed it into the negative side slightly.

Still record low inventory, low rates and a ton of demand.