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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

For instance, I was once thinking about buying a property that had a minor issue with a relatively easy solution, but then we learned from the City that implementing that solution would create a new problem that would have cost us $50k+ to address in order to retain a certificate of occupancy (I didn't know what I didn't know, but I'm glad I found out before I bought the property!). 

What are some things you learned.

My goal is to foster a productive conversation where we can share knowledge and insights to benefit everyone involved in Nashville's real estate scene.Looking forward to engaging with you all and learning more about this dynamic market!

Profit Lessons learned?

Hi everyone, I am interested in learning more about sober living homes.

I am just starting out in a duplex unit near Cleveland Ohio. one of the unit needs work and that got me some trouble getting property insurance. In general, what kind of things should landlord be looking for when buyi...

Yes I have dealt with similar situations and the lesson I have learned is to really limit my involvement.

I wanted to ask, who should I talk to about learning more about Heloc’s and Home equity loan? 

This means you're probably both learning how to turn these leads into deals over the phone.