(specifically long-term, non-vacation rentals) Would love to hear a discussion on this!

The down side is that they typically have higher interest rates due to the higher risk associated with investment and commercial properties and are property specific.

A few smaller private lenders may offer 2nd lien products, but they will be under very specific criteria and with a combined loan to value usually below 75%."

The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.

When the cat leaves, the mice will play"As an out of state investor, the mice are always playing.It takes years and years to develop trustworthy relationships with feet on the ground.Even then, you will loose money just like we do to this day in Toledo to shady contractors, etc...And we have a whole team of people on the ground including myself and my co-founder.Granted, if you do it right you can find amazingly cheap deals, renovate and have immediate equity plus jaw dropping cashflow.I would advise moving to the market you are considering and getting your hands dirty for a few years.Easier said than done but if I moved from Sydney, Australia to Toledo, Ohio.Anyone can do the same lolWishing you much success

I live on the east coast and hope to buy an investment property in the SLC-Provo area, specifically the Draper and Lehi areas.

If there's anything specific you're looking to learn or discuss, don't hesitate to reach out.

Here is the specific section: "Within (insert number) days after the Effective Date of this contract, Seller shall deliver the Notice to Buyer.

I have been speaking a lot with PMLs, specifically the one's that offer 100% financing LTV and LTCMy concern is that they keep asking me for a loan origination cost, which seems like a scam to meFor instance, one offered 100% financing and then once I completed the application, she asked for about $3500 for the loan origination fee.

Specifically the financing aspect.Any obvious thing that i am overlooking?