So there’s a good chance aluminum still in use today is pretty old by now, and electrical systems don’t improve much with age like wine and women do (my opinion on the latter but fact-based for electrical wires and wine).

Quote from @Nicholas Cavato: Hello everybody,I am a new real estate investor based out of Tucson, Arizona but will be moving back to the Midwest (Cleveland, Ohio) late 2024.

Since pricing is always based on supply and demand, when you find a house that is priced “ridiculously low” it’s because people don’t actually want to live there.

Also, appears in Philadelphia you use hard money debt to finance your properties? 

There are so many strategies based on risk preference, family expenses, etc. 

Maybe and open world type of game, where mostly, residential markets are covered and based on current or recent events in the housing market.

What are you basing this on? 

I am currently researching and putting together some assumptions and trying to keep it on the conservative side and not base it on some of the inflated numbers that are published.

Even if you get credit cards at home depot for your real estate LLC, you will have to personally guarantee the debt even though the debt will be in the LLC's name.

While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).