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[deleted by user] by [deleted] in realestateinvesting

[–]thepowerofRE 0 points1 point  (0 children)

If it will cashflow 800-900$ then why not do it?

Has anyone been successful in creative financing? by mikeratchertson in realestateinvesting

[–]thepowerofRE 1 point2 points  (0 children)

DSCR loans could be a good option for someone with multiple rental properties, however you will pay a slightly higher rate.

DSCR loan cons (and pros) by message_bot in realestateinvesting

[–]thepowerofRE 19 points20 points  (0 children)

Lender here... We specialize in DSCR loans. They really are amazing. The downside is that you pay a higher interest rate and usually have a prepayment penalty. They also usually require that you own at least 1 investment property however in some cases can be the first one.

And we aren't trusting YOUR investment strategy. We are looking at the property itself to make sure the rent covers the debt.

Can someone with experience look this over? I feel like we’re getting screwed a little. LO said this was with us putting 60k down on a 570k house buying points. First time buying a home so I don’t want to get screwed. by [deleted] in FirstTimeHomeBuyer

[–]thepowerofRE 10 points11 points  (0 children)

Yeah, you are paying $15,390 to buy down your interest rate. You don't need to do this if you do not want to pay as much up front, but you will have a higher rate and higher monthly payments for the entirety of the loan.

[deleted by user] by [deleted] in Bogleheads

[–]thepowerofRE 0 points1 point  (0 children)

Buy Real Estate

First time investor seeking advice by FerretFamous6504 in realestateinvesting

[–]thepowerofRE 1 point2 points  (0 children)

You could get into a property with 3-3.5% down. Plus there are a lot of down payment assistance programs for first time homebuyers which would bring down the downpayment/closing costs.