These are generally 12-24 month interest only loans that borrowers will generally pay back by selling or flipping to long term financing like DSCR loans.More on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

WAG equals wild a$$ guess as I did not look up the actual amount that properties have depreciated in emerald coast since the market high (too lazy to look up).  

Not every property listing for sale actually is serious about selling.

But as a vacation home 5K a year in losses may not be bad to own your piece of heaven. 

I am in the middle of closing on my first piece of real estate ever!

After feeling as if I have done my due diligence and am financially ready to jump in and actually invest, I have been researching different opportunities and areas for investment.

The bank that I use has an unfortunate contract with a local appraisal firm that I feel does substandard appraisals and has for me ALWAYS brought in numbers that are substantially lower than what I know I could actually get for the property on the open market.

I started in 2021 while being born and raised in San Francisco and found it really hard to find properties where the numbers and landlord laws actually made sense and I wasn't running a negative with only a hope and prayer that they would become cash flowing properties someday. 

I actually frequently go there with the family in the summer. 

I think the budget piece is really important!