This criteria is for 1-4 and 5-8 unit programs.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).

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

From what i understood is I need to build relationships with bunch of multifamily lenders to see if they offer pocket listing. 

It was not a budget surplus until the board voted on it, so the date of that would be the determining factor.

Check to see if this fits with your wealth-building and portfolio diversification goals by taking into account your entire investing strategy and financial ambitions.Finally, carry out a comprehensive risk analysis.

Also, you should be utilizing social media, where it seems as if you already are.financessave your money and build your creditGood Luck-

There was a finished build in LA where the certificate of occupancy wasn't release because of these exact obstructions even though the build went according to approved plans.

Hi,I have been investing in Securities for a while, but I would like to start building a portfolio of Real Estate Positive Cash Flowing Properties in Ontario (Hamilton, Barrie, Oshawa, or Toronto).

Looking forward to the responses and building meaningful connections. - Brian

Here are some of the driving factors I'm thinking about when deciding whether or not to move forward with this bedroom addition at my duplex:Unit Layout.