Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

Probably worth about 260k)Down payment: $100,000Interest rate: 6.75% (option to raise rate in 3 years but not down)Loan Term: 30 yearsBuyers monthly payments:  $1,394.49When I crunch this into Chat GPT is says I am getting a 271.87% ROI.

Cause as I see it -in sub2 you don't have to put money in the deal + the rate for the mortgage is lower most of the time, but the work for find the deal and get the deal done is hard.with brrrr it's easier to find the deals, I mean you can also find it on MLS but you have to put money of front and get it back when you refi...so I'm little bit confusedthanks

If you do low income houses like us, we are changing out leases where they're rented at a discount if paid by the first, that way as long as they always pay by the first, we are good, and if they don't-- they get what the increased rate would be, $50-$75 more, in addition to the late fee if after 7 days.  

Most lenders sell their loans on the backend and some sell to different investors so they don't always know for certain who it will be sold to / if it will reported on your credit report as some report on the backend, some don't.In case helpful, more info 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.

The purchase price, loan amount, your interest rate, whether you need mortgage insurance, your homeowner's insurance cost, property taxes, and your current monthly debt obligations all factor into your DTI.  

You still must pay for your own principal certificate, books, crash course, state exam, state application fee, fingerprint fee, and any other fee needed.

I’d recommend going with a broker as they usually have better interest rates, and paying attention to rates (mortgagenewdaily.com) to see if they’ve fallen since you locked your rate and you could potentially float down to a better interest rate

I currently have an interest rate of 10% from Live Oak Bank.

The turnover rate requires effort to continue finding renters.