If you are buying a rental property and do not plan to live in it, you may qualify for a DSCR loan.

We live in unincorporated San Diego county and we purchased our primary residence 3 years ago.  

Hi everyone,I live in California, investing in the Midwest.

Question: What is your current living situation? 

Its just so hard in the current environment to get any cash flow with SFR (unless you bought when rates were lower or are doing a well-executed BRRRR). 

My name is Phoebe, I am half African and half German.I live in Germany, in Bavaria to be precise. 

This becomes especially critical in the current environment where you can earn 5% on your money easily and aren't tying up cash until the project is completed.2.

Factors on reserves; What's your monthly cashflow / how much do you need to live?

Rate is 6.175% estimated mortgage is $2,900 a month.Older Property: Toano3b/2.5ba 1760 sq priced at $330KNot including any incentives but using the 6.175% rate.estimated mortgage $2,420 a monthMy current job will require me to move within the next 24 months max up to NoVA and we are looking to live around Ashburn,Va where rent is about 2.7k+. 

I currently live in New York but I am currently exploring the options of investing in a small multifamily property.