Rich Emery
DSCR without penalty for selling early?
19 December 2024 | 15 replies
Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)
Kathy Yao
Need help with a deal analysis
16 December 2024 | 4 replies
Those factors are more critical in a fix-and-flip scenario where you’re focused on resale to an end buyer.
Cameron Porter
What’s your idea of a Great deal
15 December 2024 | 0 replies
Does price per square ft factor or is it just ARV.
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
David Robert
Let's talk Cybersecurity!
9 December 2024 | 1 reply
For personal computers, I only use an external hard drive.- Not all antivirus are the same.
Rob McArdle
1033 exchange qualification
13 December 2024 | 2 replies
The critical factor is whether the property owner can demonstrate that the sale or settlement was made under the threat or imminence of condemnation.
Armando Carrera
FHA House hacking risks?
18 December 2024 | 9 replies
There are certain factors that need to be met like LTV.
Jae Yoo
Help finding a lawyer to proceed against a bad property management company
17 December 2024 | 4 replies
This lack of response was a major factor in my decision to seek legal assistance.
Tyler Rabanus
DSCR Cash Out Refi Questions
15 December 2024 | 14 replies
The loan amount will typically be determined by appraisal (LTV - loan to value ratio) - but your qualification will also be based on other metrics like you mentioned - DSCR ratio, FICO and some other factors.
Monica Gonzalez
Newbie - Analysis Tools - No/Low Cost
18 December 2024 | 26 replies
Quote from @Deandre Brown: When analyzing deals, a few additional factors I like to consider are whether the electric and gas utilities are charged per unit or as a single expense.