Have you had a lender run a credit simulator for you? 

Folks when you buy rental, you need to do cost simulation for DSCR and capex projection.

Run different simulations with realistic expectations to determine what makes sense for you.

Happy to share a spreadsheet that you can use to simulate, but velocity banking isn't a real thing and it is too good to be true.

Hi Vanessa,I've never heard it explained that way, but I guess that makes sense, since you are essentially using your buyer's funds to fund your deal with the bank.If you have a title company who has done these before, then you should be good to go.I wanted to clarify that the bank's title company will be emailing everything to your agent, so just be sure to tell your agent that you wish to sign everything at YOUR title company and ask for all of the closing docs and wiring instructions be sent to your contact at your title company.I don't explain the details of the simul close to the agents or the bank's title company.

I didn’t go as far as getting an actual quote, but it seemed to me the cost of the premiums makes this not really worthwhile unless you have some decent excess cash flow.It took me a few months of research and multiple simulations of different scenario (tax bracket, returns of outside investment) to decide to jump into life insurance.The cost of insurance makes you loose some money in the early years, but the cumulative grow of the policy compounding uninterrupted with the return of your lower initial outside investment will outgrow the outside investment alone after 6 to 9 years depending on the scenario I ran.

If she is open to a conversation and is curious it has paved the way to more interesting discussions.I have also talked to hear about a Roth IRA once she is old enough and the benefits to the long term growth if she starts really early.I have had her do some investing/finance simulators for kids, that she enjoyed. 

A simulator/game could really help with that.

The greatest help to me was using the resources available from you school, that simulate test questions. 

Btw whoever simulated these changes in Fed office, is extremely genius.