It was really insightful, especially the part about how DSCR loans offer shorter seasoning periods and more flexible qualification requirements compared to conventional financing.I’m currently focused on scaling into 6+ unit multifamily properties in New Jersey using the BRRR strategy.

Put in offer, accepted Wooot. within inspection time period (Owner occupants) we went back and the electric was off and there was 3 inches of water in the basement.

Updates For 2024 and Beyondhttps://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...What Are Current DSCR Loan Rates?

Small improvements or updates can justify slightly higher rents too.

Depending how long your LTR was in there, you might need to fix or update a few items. 

@William Kyle Walker any updates?

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

Towards the end of November, we got professional photos up of the reno and used the 20% new listing promo and quickly got 3 bookings for December in a two week period. 

Quote from @Samuel Coronado: Quote from @Todd Fry: Well I know it's been a few months but I did want to give an update finally. 

This isn’t always the case in more sparsely populated areas, where vacancy periods can be longer, affecting cash flow.