As a wholesaler, managing relationships with your customers is the most important piece of the puzzle.

Most capital providers require a 700+ FICO for a Cash-Out Refinance of 5+ units and six months of seasoning to use a new appraised value instead of the cost-based approach.

I'm an investor based out of Longmont and do a bit of real estate investment coaching as well.

My estimates are based on personal experience having done a fair amount of renovation on my primary residences and estimates from friends and family who are contractors.

Hey Daniel, If you are qualifying for a DSCR based loan, you do not have to do the extra step.

I'm based in Florida and investors here are getting killed by Taxes and Insurance.

Why would someone be willing to take payments on a home based on your promise to pay?

@V.G Jason thanks that helps the M2M is based on Zillow and Redfin although the numbers listed above are ~100k less per property than what those websites show for each propertyI need to look into recast I am assuming the mortgage broker would know this?

DSCR Rates are going to vary by quite a bit based on multiple factors (more than conventional), primarily FICO, LTV and DSCR - but also buydowns, prepayment penalties, and some alternative structures.That being said, I would say the average rate right now is around 7.5%, but can vary all the way down to 6% or higher than 9% for some special cases (like Multifamily 5+ or Mixed Use)Heres a couple articles on what goes into DSCR Rates (in addition to market) that hopefully helps!

Jacksonville is a great place to invest as I'm sure you've figured out based on your homework.