Don’t know what a DSCR loan is? Find out what it is and how it can work for you! So, you’re thinking about getting into the real estate business, and you’re wondering how to get a loan for a rental property. First things first; good for you! Second things second; you’re definitely going to need to know what your DSCR is. “Wait,” you’re probably saying to yourself. “What is a DSCR? That sounds…ominous. I’m scared.” It’s okay. We get it.
If the only thing stopping you from investing in real estate properties is your tax returns, well, here’s some good news for you. Some of you out there might think that you can’t finance a rental property without tax returns. Well, you know what? You can. Huh? What? HUH? We know that might sound like kooky talk, but you really can get an investment property loan minus any sort of tax returns. It takes a little more work, it requires
You’ve seen the reality TV version of flipping houses. But here’s how you REALLY flip a house! You’ve seen it on TV; folks flipping houses and then getting PAID. So, you say to yourself, “Hell, if these people can flip houses and make bank, so can I!” And you can…if you learn how to do it in the right way. Obviously, most things on TV aren’t real. (Pointing fingers right at ya, The Bachelor.) So, when you see house flipping
With a bridge loan, you are literally bridging the gap between two transactions. Here’s how you do it. A bridge loan is not just some cute banking term, if that’s even a thing. No, a bridge loan is simply a sum of money lent by a bank or money lender to cover an interval between two transactions, typically the buying of one house and the selling of another. Bridge loans are perfect for investors who have the cash but just
What exactly is a fix and flip loan and how do you get one? We are so glad you asked. If you are thinking about getting into the fix & flip business, if you are thinking about becoming the next great fix & flipper, you’re inevitably going to need to get yourself a fix and flip loan. It’s…kind of a big part of the whole fix and flip scenario, ya know? But what if you don’t know what a fix
A bridge loan is almost like an actual bridge…just made of money, that’s all. Bridge loans are one of those financial terms that people sometimes don’t understand. It’s like the umami of the investment property loan world. And that’s unfortunate because not knowing the meaning of a bridge loan may be preventing you from getting into the investment property business. So, instead of asking, “What is a bridge loan?”, let’s learn everything we can about the term so that you
