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11 December 2024 | 16 replies
That is a tricky question, I would only rely on a CPA for the answer
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10 December 2024 | 6 replies
The information contained in this post is not to be relied upon.
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30 December 2024 | 819 replies
Either way, they are not relying on a passive investment company to manage the properties.
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9 December 2024 | 8 replies
The seasoning period varies between 3 months to a year with DSCR lenders.
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9 December 2024 | 11 replies
The information contained in this post is not to be relied upon.
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5 December 2024 | 11 replies
For those that rely on traditional methods and personal experience, I can understand this perspective.
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15 December 2024 | 18 replies
Yes, DSCR loans are generally available to first-time investors, but rules will vary by lender.
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23 December 2024 | 34 replies
I have high confidence in future appreciation, but relying on it is certainly risky.
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9 December 2024 | 16 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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22 December 2024 | 105 replies
I've lived and invested in areas like this before, and I know it can vary block by block.