During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?

I want enough money coming in so the business can sustain itself when issues occur with maintenance or vacancy.If you wanted to do this with only 20% down ($46,000), which is all you need for a conventional loan, here is how the calculations change.Total mortgage + escrow $1,493.33 per month with cashflow reduced to $306.67 per month.I prefer to overestimate purchase price, interest rates, and homeowners’ insurance to be conservative.

No, you cannot purchase a home with an FHA loan via an LLC.

I had a meeting with a lender about getting a second home loan.

The agent also stated that because the seller is behind, the loan cannot be assumed.Questions for the Group:Is it true that a VA loan cannot be assumed if the seller is behind on payments?

More on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

In today’s competitive real estate market, where inventory is tight and opportunities seem few and far between, many potential buyers are overlooking a game-changing option: renovation loans like the 203(k) and HomeStyle.

That’s your home mortgage interest as well as property tax and insurance for 2nd half of the year.

The Housing Wire article chart shows how FHA and VA loan delinquencies are approaching really high historical levels, close to that of the housing crash.We are still at historic lows for conventional loans.

Cash Reserves & Emergency Fund✅ Have 3-6 months’ worth of expenses (mortgage, insurance, taxes, and maintenance) saved.✅ Keep an emergency fund for unexpected repairs and vacancies.2.