Recently DSCR (Debt Service Coverage Ratio) for residential properties has been the talk, you probably have seen most loan officers market the heck out of these in recent months!  

I recently got a few properties under contract in the Cleveland area and am looking for good contractors to make repairs.  

Lots of tenants will try to use it as leverage at a later date....when they leave and you dont give the full deposit back.....when they are late on a payment..... when they screw something up and you make them pay for the repair. 

I would like to know if this is legit service.

Should I use hard money for purchase and repairs?

Hello everyone, anyone I have spoke to about REI in my personal life all tell me the same thing: don’t get into real estateThey are all people who have had properties themselves, have tried to rent them out and have told me horror stories of tenants and how repair costs or costs to property managers make it disadvantageous to earn profit or scaleI’m trying to invest with my spouse who is also included in these conversations.

For example, if you had bought some RE with HELOC funds a couple years ago and now have to service that debt at twice the rate, that could be really painful. 

-- You will not find this level of service with a regular bank or credit union. 

Local amenities abound and the property is serviced by a newly refurbished power cord connecting it to the ceiling.

What the investors do is one of two choices.Invest in the rehab or repair end or invest in the bridge loan after the property is fixed up or "stabilized" thru the period when the tenant gets their own finacing.