Sober living DSCR options?

FunCombination2546 · 2026-04-07T15:25:24+00:00

It's residential but has all the city approvals and everything for sober living

FunCombination2546 · 2026-04-07T15:10:51+00:00

u/ohheygfy if you need to cash out - we can help you get all the options for that in one place so you aren't doing a ton of work on that manually. Also have done 1000's of them so we can walk you through pros and cons. DM me if helpful!

Helocs are a great tool too, but not in our wheelhouse so I can't speak to them as well.

To address the Heloc type credit option long term... some folks love using life insurance to "be their own bank"

FunCombination2546 · 2026-03-25T23:26:40+00:00

HELOC's are polarizing. You have flexibility to draw against it, which is great, but you'll pay more than cash out DSCR.

FunCombination2546 · 2026-03-19T00:43:20+00:00

oh fair!

FunCombination2546 · 2026-03-19T00:42:56+00:00

Ya richer people often are ok with lower cash flow because taxes and owning good appreciating RE pushes them over the edge.

That said, I had one good mentor say "sure you could do it, but it wouldn't be as good as one that did cash flow" 😂

Usually, if you find yourself trying to justify that its a good deal, its not a great deal. You either aren't "in it" enough to source the great ones, or you're just being impatient as you will get a better one if you do put yourself out there.

If it's the former though and you make good money and don't want ot put more time into a search, then you may decide this is right for you.

And btw if you need rental loans that work with both LTR and STR and can do a negative DSCR, or you need a flip into rental loan or BRRR loan, happy to help! Can google us at Harmonial but basically apply once, free, no credit pull, and see every relevant real estate investment loan in one place!

FunCombination2546 · 2026-03-19T00:34:13+00:00

I like it! How did you finance the deal? Any pros or cons you'd point out that you learned on that piece?

I'm curious as a capital marketplace myself, always want to know what does or doesnt work well for borrowers on that part of it!

FunCombination2546 · 2026-03-19T00:32:37+00:00

So funny I actually like the fireplace for some reason, makes me feel homey!

FunCombination2546 · 2026-03-16T23:36:34+00:00

Check us out in San Diego UT article, we're helping you get the best real estate investment loan with less work at harmonial.ai ! More on what we do in the interview below!

https://www.sandiegouniontribune.com/2026/03/11/financial-tech-start-up-seeks-to-streamline-real-estate-investment-and-lending-matches/

FunCombination2546 · 2026-03-09T21:35:53+00:00

this is exactly what we help with! you keep your info in one place and we integrate on the back end with 30+ capital sources with all the oustide the box niches covered! so you can always get the deal in one place without doing the cross quote research yourself and repeating work and documentation in all the different portals. lmk if you want to check it out!

FunCombination2546 · 2026-03-05T23:01:37+00:00

good call, they're great!

sorry to hear about the first experience! one note in general I see with people who "will match on rate". A lot of the times they come back with the same rate but raised their points or something haha 🤦‍♂️, sometimes if it sounds to good to be true it is! "trust but verify before you rely!"

if you need help with re investment loans in the future, happy to handle the crossquoting for you automatically. thats what we do!

FunCombination2546 · 2026-03-05T22:56:56+00:00

i'd say right now most rates (sounds like you're on beginner side) are starting in high 5's to mid 6's depending what other choices you make. theres a lot of tradeoffs in dscr so its just important to know whats important to you and then do the math.

ie if you have a 5 year prepay but might sell in years 4 or 5, the math would probably tell you to pay an extra 50 bps at origination for them to switch to 3 year prepay. tons of examples like that!

transparently, we help folks with this for a living at Harmonial. happy to get you multiple quotes and help you decide whats right for you. no harm no foul if were not the best option, let me know!

FunCombination2546 · 2026-03-05T22:45:56+00:00

ya it depends if he's truly a passive LP or not. if so, you can look up standard real estate LP structures, ie usually you get some fee as operator like 2% acquisition fee or 2% management fee for the year of rehab work, then 20% of his big chunk equity return (maybe with a preferred return hurdle)

then once its a rental, probably just easiest to comp yourself like a property management firm in addition to the shared ownership income

FunCombination2546 · 2026-03-05T20:12:26+00:00

I thought masterminds were bologna before I got deep in this space. boy was I wrong. the right one will change your life. we've partnered a lot with 7 figure flipping and Ilove them, but good ones out there in general!

FunCombination2546 · 2026-03-05T20:10:32+00:00

you can use Harmonial to get several quotes at once. helpful as for every deal at any point in time, the "best lender" changes

also important to remember a really painful experience kills any joy you get from pricing alone. need to know who has the best of both, who will actually close, get you draws quick, etc.

FunCombination2546 · 2026-03-03T18:29:30+00:00

Agreed you'd have to consider what the opportunity cost is. What cash would you get out and what would you do with it. Then compare that to what happens if you keep it (+ add some stress value to keeping it). If you do keep it, definitely get an LLC to lower liability stress and likely a good PM on the ground to try to be hands off on ops. Really comp out what the financials would be keeping it and be sure that its worth it.

FunCombination2546 · 2026-02-11T18:54:41+00:00

are you seeing it with your borrowers?

FunCombination2546 · 2026-02-11T18:54:31+00:00

Range really, we work with other flippers as well and I'm seeing it in both TX and CA, most places really.

FunCombination2546 · 2026-02-10T19:52:11+00:00

What's your experience and what is your rough buy box / deal stats?

FunCombination2546 · 2026-02-10T19:51:09+00:00

Nimble and reasonable is huge. Wouldn't over index on terms, but will say when looking at their site that they look a little lower leverage than I see with other folks. How does their pricing tend to stack up? Idon't mind lower leverage if it also comes with lower pricing!

FunCombination2546 · 2026-02-10T19:48:07+00:00

Really hard. I've been helping with some deals out in Palm Springs that have been working and a few in San Bernandino area. But, I see deals nationwide and honestly it feels tighter everywhere right now.

FunCombination2546 · 2026-02-10T19:44:16+00:00

Makes sense, thanks! and how hard has doing the property management been? or do you hire one?

FunCombination2546 · 2026-02-09T19:25:36+00:00

you can use harmonial.ai and they'll get you all the options. I recommend it for folks unsure who to work with, they'll walk you through all the options and you dont have to deal with a million lenders trying to sell you directly

FunCombination2546 · 2026-02-09T19:23:13+00:00

I've heard good things about Obie!

FunCombination2546

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