Some DSCR lenders are stepping up for BRRRR investors with lenient seasoning periods and the 1.0 DSCR minimum, making refinancing much more accessible.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

When I tried to open this account though, they treated me like a criminal even though I explained this repeatedly and all of my documentation was in order.My only concern about using Solera or Titan is that there's no local branch for me to access, and I'm kind of old school.

It's not profit until you access it in some form of cash.I've seen investors loss properties with equity (a few with a lot of equity) because they can't sell at a price high enough to gain that equity, or because they can't refinance it due to the negative CF,...which would increase with a new mortgage.

"What do you mean I can't get API access to the MLS?!")

Hi Lily,I founded First Access Lending to provide Access in scenarios just like this!

And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.I can understand that rates aren't what they are when you close as when you get quoted, but if you offer a "rate lock" and use that term, you need to stick to it even if you aren't required by law to do so.

. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.

We only need 12 months of housing history and proof of rent payments.The DSCR market has evolved a great deal over the past couple of years, which has opened up access to more investors. 

Look no further than the “0-70 units in six months” posts and the adulation they receive, when all they prove is that the person has access to credit.