Here's a bit more in detail about how rates are calculated for DSCR loans:1.

They will give you all the details on what is required.Check the realtor finder here on BP.

I think these details definitely cement the viability of a fix-and-flip product - given your history / plan for the project, it could look like a 10% down situation if that's reasonable for you financially.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Ask what the reference's name is, how the reference knows them, and then ask open-ended questions to verify application details (how much is rent, how many people are living there, how much do they earn, what are their smoking habits, address, work performance, etc.).

Teaming up with a partner can help lower initial costs and bring in extra support.

Release guarantee if the tenant you place doesn't work out, let's say in the first 90 days and maybe 1/2 price for the first 180 days.Hey Bruce, thank for this detailed comment.

It costs the tenant an extra % to pay with credit card but it’s no additional cost to the landlord.

You can explain to your potential new partner that he will make an extra amount on each deal through his realtor commission which will help increase his profit.If possible make a deal that both of you are happy with because finding quality people to work with is a key to being successful long term.

Depending on your needs, I can potentially connect you with my underwriter who I pay for the detailed UW.