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5 March 2024 | 34 replies
I assume that I can finance 75% , then put down 25%.
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3 March 2024 | 7 replies
My DTI is pretty high but I was going to try a DSCR loan w creative financing, To delay bigger payments until I get the tennants out.
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6 March 2024 | 8 replies
If your STR income doesn't cut it for DTI, look into alternative financing like portfolio or hard money loans.
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5 March 2024 | 25 replies
I personally don't like pay too much attention to ProForma as I can't predict the future so I usually just like to know if cash flow is good AND more importantly if I'm financing, if the DSCR (debt service coverage ratio) is high enough to safely qualify for financing (usually above 1.2).
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5 March 2024 | 0 replies
How did you finance this deal?
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2 March 2024 | 3 replies
I live in Murrieta, moved here last July from the East Coast, work in Oceanside, ride motorcycles, love ramen and whiskey, and am always learning and trying new projects.