Purchase price: $195,000 Cash invested: $52,000 Sale price: $317,900 Contributors: Peter Vekselman Partner Driven, in collaboration with Jason Arguelles, successfully completed a fix-and-flip on St.

But in majority of cases this should not violate your terms- DSCR requires the property be an investment rental once you purchase it the property can be STR or LTR.

Purchase price: $25,000 Sale price: $50,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick sale on Hwy 49, Dover, TN 37178.

I have a very helpful video on my YT channel (just lookup ClosedByMo) for NYC househackers - you'll enjoy it! 

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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

People purchase our deals that were on market often.

And of that, you might need to talk to 30-40 sellers with proper sales skills and follow up before you come to terms with someone to move forward with a purchase. 

Hi all,   I am interesting in purchasing a property for rent in south east Florida, mainly Hallandale, Hollywood and South Beach. 

I've identified a small mixed use building I'd like to purchase.

Hey y'all, I have a recently purchased lake home just east of Kansas City.