The Benefits of a DSCR Loan for Taking CASH OUT on your Investment Property! 😮😮
🏡 Welcome to our latest video! Discover the incredible advantages of utilizing a DSCR loan for extracting cash from your investment property. 🌐🔑 Learn about investment property financing, cash flow strategies, and the financial benefits of a DSCR ratio. Whether you're a seasoned investor or a newcomer, this insightful guide provides valuable tips and insights into maximizing returns on your real estate investments. 💰📈 Explore the possibilities and make informed decisions for a prosperous real estate journey! #dscrloan #realestateinvesting #CashOutStrategy
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1) Schedule a call with me here to discuss DSCR Loans: calendly.com/jeff-trevarthen/...
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Video Details:
The Debt Service Coverage Ratio (DSCR) loan is a unique financial instrument designed for residential (1-4 unit) investment property owners looking to access cash from their property without the need for income or employment verification. This innovative loan product calculates borrowing potential based on the property's ability to generate sufficient rental income to cover the loan payments, rather than relying on the borrower's personal financial credentials.
To use a DSCR loan for taking cash out of your residential investment property, follow these simple steps:
Determine Property Cash Flow: Calculate the property's net operating income (NOI) by subtracting operating expenses from the gross rental income. This will give you an accurate representation of the property's cash flow.
Calculate DSCR: Divide the NOI by the annual debt service (loan payment) to find the DSCR. Lenders typically look for a DSCR of at least 1.2 to 1.4, indicating the property generates enough income to cover the loan payments with a buffer.
Select a Lender: Research and choose a lender that specializes in DSCR loans. These lenders understand the unique nature of these loans and can guide you through the process with ease.
Prepare Documentation: Although income and employment verification are not required, lenders will need documents such as property tax bills, insurance declarations, leases, and a rent roll to verify the property's income and expenses.
Submit Application: Complete the lender's application and provide the necessary documentation. The lender will then review your application and provide a loan decision.
Close the Loan: If approved, work with your lender to close the loan, and access the cash-out funds from your investment property.
By leveraging the DSCR loan, you can unlock the equity in your residential investment property without the need to verify personal income or employment, providing a streamlined financing solution for savvy real estate investors.
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Jeff Trevarthen #jefftrevarthen #realestateinvesting #propertyfinance #investmentproperty #cashoutrefinance #dscrloanbenefits #realestatetips #propertyinvestment #financialstrategies #cashflowinvesting #wealthbuilding #realestateeducation #investmentopportunities #financesmart #propertywealth #dscrratio #investmentinsights #smartinvesting #realestatecashflow #financialfreedom #propertyinvestor
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Пікірлер: 43
Schedule a call with me to talk about how to get cash-out quickly with a DSCR loan: calendly.com/jeff-trevarthen/15-min-call
appreciate your videos easy to digest 🙏🙏
@JefftheMortgagePro
Жыл бұрын
Thank you Tomas!
This is such a great loan for anyone that has an investment property. Hit me up when you're ready to talk more about it!
Question: how do you prove you received that much of rent $$ every month? By lease? Because you know we all write off everything on tax return every year
@JefftheMortgagePro
7 ай бұрын
Just looking at lease income and may have to show the history of receiving income. Not using tax returns.
Do you deal with new jersey DSLR loans?
@JefftheMortgagePro
7 ай бұрын
I can help!
In case I missed it what % would you do on a cash out rental loan? anyway you would go up to 80%? Thanks
@JefftheMortgagePro
4 ай бұрын
Yes, up to 75% in most instances, sometimes up to 80%.
What about cashing out of primary residence
@JefftheMortgagePro
7 ай бұрын
You can do that but not with dscr.
Question: if 1 of my property meet DSLR refinancing requirements, but my other properties have negative cash flow. Will I get denied if I use that positive cash flow property to apply for DSLR refinancing?
@JefftheMortgagePro
7 ай бұрын
You should be fine.
We have a property we have been living and and renovating that we own outright and want to get a DSCR loan out of when we move out and short term rent it. It's an A frame worth way more now than when we bought it and in a perfect location for airbnb. How long do we need to rent it out to prove it's rental capacity to generate income first before we can apply for the loan?
@JefftheMortgagePro
11 ай бұрын
Great question. We should be able to do it as soon as you move out. Rental income will be determined by a rental survey.
Do you fund deals in Puerto Rico?
@JefftheMortgagePro
5 ай бұрын
Unfortunately no. 😞
Hey, how can I get the 20% down for the DSCR Loan?
@JefftheMortgagePro
5 ай бұрын
Great question! Let's jump on a call: calendly.com/jeff-trevarthen/15-min-call
Will this work on a property with a modified loan 10+ years? Can the cash be used on the purchase of new primary residence?
@JefftheMortgagePro
3 ай бұрын
Not totally sure. Cashout has to be used for business purposes, so probably not able to buy a new primary.
Does this work for BRRR strategy deals ?....Is their a holding time required (Say 6 months or 1 year) b4 refinance for invesor rehabbers after fixer upper is bought & fixed up with hard money/private money ?
@JefftheMortgagePro
9 ай бұрын
Not usually...typically not enough equity.
What is least percentage I can put down on a DSCR with your investors? 10-15%?
@JefftheMortgagePro
Жыл бұрын
It's changed since I recorded the video. 25% is the standard now as credit has tightened. 👍
@ikemonyemelukwe8478
9 ай бұрын
Is that for purchases or Refi ?
i have a paid off home cash flowing around $800 a month how many months rent before i would be approved for the dscr loan? or is it automatic with my lease agreement?
@JefftheMortgagePro
4 ай бұрын
You can do it right now if it's free and clear which it sounds like it is. Let's jump on a call: calendly.com/jeff-trevarthen/15-min-call
@swishyyyyy
4 ай бұрын
@@JefftheMortgagePro I am currently working on getting all of my credit card debt paid off, which would take about a month after that I would be ready I will come back to this link later too. Talk to you when I’m ready. Thanks.
I have some questions on this type of loan. How do I get in contact with you?
@JefftheMortgagePro
Жыл бұрын
calendly.com/jeff-trevarthen/15-min-call
Can i fund my down-payment for a hard money loan with a private loan from a private money lender, thus buy and refi with dscr loan with no money out of pocket?
@JefftheMortgagePro
5 ай бұрын
Yes potentially if I understand correctly. The dscr is based on cash flow and equity of at least 25%. So if you meet those parameters it would work.
@petrfyuriosly2796
5 ай бұрын
@@JefftheMortgagePro tnx!
Interest payment only?
@JefftheMortgagePro
6 ай бұрын
Yes that is an option.
@ldelacruz22
6 ай бұрын
Hello anyway possible I can speak to you as soon as possible I can send you my email or phone number.
@ldelacruz22
6 ай бұрын
I'm confused about this loan but looking into it on a property I have at the moment
@ldelacruz22
6 ай бұрын
Oh it's an option but is not a must Okay
@ldelacruz22
6 ай бұрын
Thank you soo much for this info.
Can you take one DSCR loan out on two or three houses?
@JefftheMortgagePro
Жыл бұрын
Great question! I don't have a product like that, but not to say that it doesn't exist.