Rates are a bit higher but if you can leverage up to do more than 1 flip at a time, it will be worth paying the lender fees.

If the seller would have spent $10k for a new roof, $8k in paint, $7k in flooring and $5k for a furnace they could have sold the house for $120k more. a $30k investment for $120k higher sales price.

I wouldn't automatically assume DSCR rates will be significantly higher than traditional financing - that's not always the case.

The borrower gets the benefit of having access to capital fast and the lender gets the benefit of charging a higher interest rate and not having to pay taxes on the profit.

As far as credit, you would want a score above 680 ideally to get the highest loan to value on a cash out refinance, but I would aim higher at 720+ as that comes with a significant rate drop.

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

I’m hearing they require higher down payments though.

Yes @Jaycee GreeneWe will focus on SF with at least 3-2, preferably higher.

Since interest rates are now higher than the mortgage on your current home, you'll want to calculate that monthly difference.SIMPLIFIED Example: current house mortgage interest rate is 3%, balance $250k.

Keep in mind that pool maintenance and chemicals will set you back several hundred a month, plus higher insurance, utilities etc.