Great video - thanks a bunch!

Great video, thank you!

Great video, totally on point with the calculations and how lenders underwrite DSCR loans!

Thank you for the information sir. This is exactly what I needed.

Nice job, sir

@TheCashFlowCompany

Ай бұрын

Thank you kindly

good video 😊

Great Info

I agree with you 100%. Everyone thinks I'm crazy when I say the market is going crash and there is going be a ton of foreclosures coming. People are paying too much for properties that are not worth it. Especially in the ruban community. Most of the properties in urban areas are overpriced and there is little or no equity. Most people can't even refinance. The mortgage a month doesn't fit with the rent coming in. FHA mortgage with 3.5%down on a $300,000 mortgage . Estimated payment with taxes, principal and interest payment,PMI, insurance. Mortgage of $2300-$2700 a month for a 2 family 2 bedrooms apartment with rent for 1 unite total $1400- $1900 no utilities. Not worth it. If the tenant loses his or her job and can't make the rent😢 payment you are screwed.

@whiplash1973

2 ай бұрын

I do not believe a crash is coming. Supply and demand and demand is stronger than the supply.

Thank you!

@TheCashFlowCompany

Жыл бұрын

You are welcome. Have a great day

Thank you very much!!!

@TheCashFlowCompany

5 ай бұрын

You are very welcome and have a great day.

Good stuff

We’ll presented video. Very easy to understand!

Dope

I'm going to wait until the RE market collapses. Right now everything is way overpriced. I'm in Florida and 3 years ago the condos here in Ocala was 40-60k, now there 160k! I don't want to be upside down in a home.

@1mindatatime83

Жыл бұрын

same here I got a condo in myrtle beach sc for 78k in 2017 and now its worth 160k to 180k .its mainly bc its almost 1 million airbnbs on th market for rent compared to 400l houses for sale on the current market. ITS CRAZY many ppl use these loans been greedy with the PPP loans since 2021

@menace4daguap75

9 ай бұрын

it may never collapse and they’re not making anymore land. Big companies are buying land up with intent to make us a nation of renters. Part of why the price is rising. Buy in now

@vivavoce7325

4 ай бұрын

Going to be tough with migration and low amount of houses being built

@sawoodworking9200

4 ай бұрын

The market isnt crashing anytime soon. There are always deals to be found. Always.

Great video! Question... I thought the DSCR ratio is calculated by taking the Net Operating Income, (NOI) dividing by debt service to arrive at the ratio? In your example you are only taking the Taxes, Insurance, HOA. This leaves out a lot of potential expenses and a skewed ratio. Have I been calculating incorrectly? Thank you. Mark Rickert

@TheCashFlowCompany

10 ай бұрын

The DSCR underwriting does not account for certain expenses like property management, vacancy or repair escrows. This does help more properties qualify. Underwriting standards to qualify only consider mortgage payment, taxes, insurance, HOA and flood. Thanks

how does it work with a duplex, both units may make the ratio but one alone probably wouldn't, so would that cause an issue with the lender?

@TheCashFlowCompany

2 ай бұрын

If one is vacant they can use market rents to calculate the ratio. Hope this answers the question.

Hey guys question: If i want this type of loan on a distressed property, Will i need to include the rehab cost in the loan amount i intend to ask for?

@TheCashFlowCompany

Жыл бұрын

These loans are not for rehabs. Most have prepay penalties and would cost too much and they do not offer rehab. You really need a fix and flip loan for a distressed property and refinance it into a DSCR loan if you want to keep as a rental. Hope this helps. If you have other questions please email me at Mike@TheCashFlowCompany.com. Have a great day

What formula do you use on the 30 yr and 40 yr loan to come up with the monthly payment?

@TheCashFlowCompany

7 ай бұрын

Go to calculator.net and you get put in a 30 year or 40 year mortgage.

Can you do this on STR and how the rental income is determined?

@TheCashFlowCompany

8 ай бұрын

Yes you can use the DSCR product with STR's. The income would be based off the AirDNA.co report. Hope this helps.

@cherieresources3232

8 ай бұрын

It does! Thank you

The calculations in the 200K …IO seems off ..if the loan was $20,000 the IO would make sense ..maybe I’m not understanding..but good presentation I was following it very well tho

@TheCashFlowCompany

4 ай бұрын

Do you have time to chat and run through numbers?

What bank do you recommend using for financing dscr loans. Your favorites?

@chrisreynon8850

10 ай бұрын

I can help you

@TheCashFlowCompany

10 ай бұрын

I prefer those that have many options and not just one. So brokers. We can quote you also.

@JoseSanchez-zd5du

2 ай бұрын

@@TheCashFlowCompany How do I get in contact with you to talk about a DSCR for a property I am trying to fund this month?

Hi, I have a question! This loan is only to create an investment, where said house will only be to be rented? or I can make it from below and then sell it and pay the loan

@HardMoneyMikeHMM

11 ай бұрын

Yes this is only for rental properties. They typically come with prepay penalties so not best for any short term investment like flips. Hope this helps

@TheCashFlowCompany

10 ай бұрын

Yes only for real estate investments. Not for homes you plan to live in.

so how does the calculation look like if you put down payments?

@TheCashFlowCompany

9 ай бұрын

The calculations are based on the loan balance. So the more money you put down the lower the payment

Can you build with this loan?

@TheCashFlowCompany

Жыл бұрын

Sorry you can not. Purchase and refi only.

Is the $200K for purchase price and rehab?

@TheCashFlowCompany

9 ай бұрын

DSCR are not for rehab projects. They are for rental ready properties. They can be the second loan in a BRRRR deal though.

Whats the fastest method that I can use to come up with the 20% down payment for the DSCR Loan?

@TheCashFlowCompany

5 ай бұрын

I would always suggest spending the time and effort to find value add properties...where the 20% is already built in when you buy it. Check out vids on the BRRRR method. Hope this helps

Where would the profit be in this formula?

@TheCashFlowCompany

10 ай бұрын

If your rents are greater than your costs the DSCR is greater then one and you profit on the property

I believe you miscalculated the tax, ins and Hoa. You kept mentioning $600 but 250/150/50 comes to $400

@KarmaTaco3939

12 күн бұрын

HOA was $250, not $50

@TheCashFlowCompany

8 күн бұрын

Let me check my math. Sometimes I talk to fast and jumble the numbers.

no mention of down payments.

@TheCashFlowCompany

10 ай бұрын

There are options for 15% down payment but the most common is 20% on a DSCR. Hope this helps

We owe no mortgage, house is free and clear. Taxes & Insurance - $250 + $150 per month no other. Rent - $1300 mo Looking to only pull out $50k loan. House estimate appraisal - $130-140k. Is this possible to do ..?

@TheCashFlowCompany

9 ай бұрын

Yes it is. $50k is the lowest amount on a DSCR loan. Email me at mike@thecashflowcompany.com. Thanks