Let's chat about DSCR Loans: calendly.com/jeff-trevarthen/15-min-call
@brebre09shanaАй бұрын
Would u do a video on a white board or paper to see the formula. It help seeing the number to understand
@juddb98962 ай бұрын
Best Mortgage officer I have ever worked with. Thank you for everything man. Very helpful
@JefftheMortgagePro2 ай бұрын
Thanks Judd!
@Phillystandup864 ай бұрын
I always appreciate the wisdom you share with us investors
@JefftheMortgagePro4 ай бұрын
Thank you for the kind words!
@marciafoster41343 ай бұрын
Great video so well explained.
@JefftheMortgagePro3 ай бұрын
Thank you! 🙏
@davidacosta80602 ай бұрын
Thank you for the info. It helped
@JefftheMortgagePro2 ай бұрын
You're welcome!
@patricioalarcon43182 ай бұрын
Hello there, great video. I have a quick question. What is a usual broker fee to be paid with this type of loans??
@JefftheMortgagePro2 ай бұрын
I think it varies depending on loan size and complexity.
@IrisSanchez-b7v2 ай бұрын
Can you use a lender in on state but get the property in another?
@JefftheMortgagePro2 ай бұрын
Yes for sure. I'm licensed in 15 states, but I can do loans nationwide (except New York).
@marcburden98322 ай бұрын
Quick question for you, I have a seasoned LLC that is not real estate related. 1 do I need an LLC for these loans and 2 would my unrelated LLC qualify?
@JefftheMortgagePro2 ай бұрын
Great question. I believe you'd be fine with your existing LLC.
@colefranklin67792 ай бұрын
As a realtor If I wanted to purchase an investment property that already has tenants, would you consider using my commission I would get as the reserves or for the closing cost?
@JefftheMortgagePro2 ай бұрын
Great question. Unfortunately, reserves have to be "seasoned" for at least two months. :(
@kevinmartin24582 ай бұрын
Bro, you could have added a chart while you were talking. And what are points? Is there a book I can read, that you can suggest?
@JefftheMortgagePro2 ай бұрын
Lol! I'm not that skilled in editing. I'm not sure what books there are regarding dscr loans.
@gageschultz60192 ай бұрын
It's not enough that he made free content for your ignorant ass... 😂
@nickfazzio52773 ай бұрын
Great video…. Quick question Jeff - If I have a 4 unit property. I recently finished the rehab. I’m placing tenants in units now (1st tenant was placed in Jan, 2nd will be placed with a 12month signed lease by next week) Should I wait until all 4 units have signed 12 month lease in place to get financing with DSCR loan (will appraisal be cheaper if 4 signed leases in place) or will the appraisal cost me the same to start the refi process now with just 2 of the units with signed leases in place (all 4 units rehab is complete). Typical BRRRR deal with Private Money Lenders. Thanks Jeff
@JefftheMortgagePro3 ай бұрын
Great question. Get the tenants first. It's always easier that way. Happy to help with the refi when you're ready.
@JefftheMortgagePro3 ай бұрын
Appraisal will be the same price regardless.
@nickfazzio52773 ай бұрын
@@JefftheMortgagePro huge thanks Jeff. I absolutely will give you a shout when I go to complete the Refi process. Hoping within a week or 2.
@danielleworth2158Ай бұрын
What is the seasoning time for a DSCR Loan after a CH.13?
@JefftheMortgageProАй бұрын
You can get a loan right away if the Ch. 13 was discharged. Credit score will still matter though. The terms are not as favorable and you'll need 25% down minimum, but you can get a loan. :)
@TomGilboy-x9y24 күн бұрын
I'm doing a DSCR loan for a SW Florida property. I'd like a quote if you're still in the business.
@JefftheMortgagePro24 күн бұрын
For sure. Give me a call tomorrow.
@sydneyparsley408Ай бұрын
Can you help me with a property in AK
@JefftheMortgageProАй бұрын
Yes absolutely!
@Veronica-tk9rl29 күн бұрын
canadians looking to buy a rental in florida. Please reply if you can help :)
@JefftheMortgagePro29 күн бұрын
I can help.
@Lance_A2 ай бұрын
Not everyone can afford a down payment like the ones they have it's way to high what kind of help can a person get to help with the down-payment
@JefftheMortgagePro2 ай бұрын
For investment property? Not much help. But a lot less down required for primary residences. 👍
@jair73279 күн бұрын
Get a line of credit to cover the rest or maybe a personal loan
@rknow782292 ай бұрын
Are DSCR loans maximum 7yrs or what is the maximum before being subjected to refinancing or paying off the loan in full?