How To Use DSCR Loans and Fix and Flips Loans to Be a Property Investor

Описание: ✔️The Michigan Loan Officer 🧑‍💼✔️ First Time Homebuyer Specialist 🏡 ✔️ Helping Michigan First-Time-Homebuyers Buy With Confidence ✔️

Want to be a property investor but don’t know where to start? Well, I got you and here are the steps to take. Step 1 make sure you buy your first primary property first. Step 2 created an LLC. Step 3 Make sure your credit is above 660 and you have at least 15-25% of the purchase price for your down payment. Next start looking for properties that need work and have a good after repair value. Sub to the channel and more videos on these topics coming soon!

Timestamp
00:00 Intro
1:58 Why work with Tim
3:00 What is a DSCR loan
4:44 DSCR rental loan requirements
7:57 How to calculate DSCR
10:17 Who is a DSCR loan best for
11:23 Steps to get a DSCR loan
12:55 What is a Fix and Flip Bridge Loan
14:10 Fix and Flip loan requirements
15:16 How is ARV calculated
15:45 Example of a fix and flip
18:09 Steps to get a fix and flip loan
19:26 Portfolio loans
20:48 Questions
20:58 closing remarks

About
Helping Michigan First-Time-Homebuyers become educated on the home buying process without becoming overwhelmed or feeling like they’re getting taken advantage of. This channel has daily video and shorts on topics related to financing, tips on how to manger money, reviews, and helping real estate professionals.

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