This is our first time shopping the debt markets and would love any guidance.

This is our first time shopping the debt markets and would love any guidance.

We restored the property to new glory and created a nice new home for the buyer.Video Walkthroughs: https://youtube.com/playlist?

Maybe it was in pretty bad shape or something and was restored.

Hope this helps. doing ride share at night will be more financially rewarding then trying to wholesale without substantial cash to pay for marketing and no experince in real estate and sales.. but also does not mean your not a natural and get lucky and it works.. just be careful to go into debt and it does not work and your worse off than you are now. 

We paid cash, and got most of our supplies from habitat restore, salvage stores, and clearance markets.   

I have a low credit score (slightly above 600) due to carrying high credit card debt as well as having some charged off CC's from my college days, however the statute for those to show up on my credit report expire in August of this year so it should provide a sizable boost to my credit score, in addition to my plan I have in place to reduce my total credit usage from $12,000 (out of 13,000 available) down to about $4,000 by July (hopefully lower!).  

Purchase price: $25,200,000 Cash invested: $9,975,000 Rise at the Lofts550 E Earll Dr Phoenix, Arizona 85012Formerly Known As Plaza 550Units 92Acquisition Date 28-Jan-2022Purchase Price $25.2MInvested Capital $9.975MLoan 3+1+1 Non-Recourse Debt FundDeal Structure 506(B) SyndicationUnit Mix 92 1BProjected Hold 2-5 Years

DSCR is Debt Service Coverage Ratio, meaning you are comparing the lease to the mortgage PITI payment.

It is mainly based on the performance of the property and doesn't take into account the borrower's debt to income ratio.