And I believe most require at least a 25% down payment. 20% down is generally what is required on a DSCR Loan purchase (our max)Big chunk of reserves is not necessary, industry standard is 6 months of PITIA in liquid assets (including investment and retirement accounts with a small haircut)

When you buy and apply for investor rental loan we use what the appraiser says is the common rents for the area (rental survey) less 25% haircut for expenses.

My area has many successful nail shops, hair cutting places, ice cream places, sub sandwiches, day care and taverns.

I absolutely hate the thought of putting in so much hard work to make a property desirable and when i sell it i have to pay a tax on it while the congress man who receives this money has a 500$/ month haircut stipend, and private parking, and other bulls*** benefits that my tax dollars pay for, so that that very congress man to only work 136 days out of the year and get paid a salary more than the average household income.

@Ian Ashcroft I would sell ASAP even if I had to take a haircut.

I currently charge $50-$65 for my haircut services make about 4,,500–5500 a month and net about 50-60k a year working about 20-30 hours a week(only work those little hours cause my schedule doesn’t get completely booked as of yet with the prices raise I made a little awhile back).

He missed his haircut appointment which he hasn't missed in something like 7 years.

You may take a haircut on the price.

@Padric LynchAsOthers mentioned she could sell the note but she will take a huge haircut on price since it’s 0% interest.Unfortunately for her she cannot force you to refinance out and this is hard lessons for people who do these deals without mapping out potential exit strategies and what ifs

We are in a softening market so selling now means you’d be taking a decent haircut on the sale price.