It's worth investing a few minutes or few hours finding out when so much is on the line. 

I lost a fund that was going to build 25 of these they decided on Austin Texas. land is cheap in ohio. there's 5 plots of land right now for 40k or 50k and we build houses 10x land cost or 10% land cost of after built value. don't do existing it's not worth it.

If you are looking at Property Values, use zillow.com, that is what we use to fact check properties values. 

Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!

BTW: did you check local ordinances about boarding room rentals (which this would be)?

It's been WELL worth that to me. 

Interesting topic, I was looking for a bank with a higher interest.Going to check out Wealthfront.Thank you for sharing...Joanne

So no you just bought a lot worth $25,000 for $100,000. 

Others either have a check sent right to them or have another piece of property the get this STAR rebate for.

All the other real estate in my businesses are counted as assets minus the debt liabilities for net worth purposes and the business income that comes to me is counted as part of my personal income.