I have been harping on people to use DSCR as a metric when analyzing properties ever since I joined BP.When you talk to a banker and show him how your property perform based on a DSCR pro forma, you instantly gain credit as a knowledgable investor.

The guys that do not do fine are the posers that set up shop one maybe 2 years ago who instantly became "market experts" and are now in the wrong market and sitting on outrageously overvalued basis and have no strategy but hold and prey. 

Hey All,Just came across Bigger Pockets the other week and instantly fell in love.

They have been told that instantly they will close dozens of deals a month and cash big checks.

I wanted something to provide high-level returns instantly without heavy calculation to figure out if it warranted deeper analysis. 

It changes the relationship exponentially, and I would also argue that taking the initiative to travel to the market (and the team members knowing that) instantly increases your credibility in their eyes.  

If we're talking about buying at a big discount with instant cash flow and instant equity (instant appreciation) vs. buying at or near retail, with negative cash flow and hoping for future appreciation, then I'll take the cash flow and instant equity every time.

I want to say thanks to BP members who helped me out with almost instant replies whenever I have questions.

It is currently cash flowing $650/month.Currently, my goal is to add as much passive income as possible so naturally I am saving for another rental property.I’m just thinking, what if instead of buying another property, I just splurge and payoff the $50k mortgage and instantly raise my cash flow to $1,150 (owning the property outright).

It also gives them instant street cred and they use it as a way to market themselves as an experienced guru.