How to Finance Cheap Properties [Using the BRRRR Method and DSCR loans]
How to Finance Cheap Properties [Using the BRRRR Method]
I have a question regarding DSCR loans for a long-term rental with the intention to use the BRRRR method. Given the example of a $40,000 house with a total rehab cost around $35,000, ARV around 90-100k with a 680+ credit score and 20% down, would I qualify for a DSCR loan if the monthly rent would be around $1,300?
In short, what you're looking for is a house flip type property to Buy, Rehab, Rent out, then Refinance. If all goes well, you Repeat the process.
Learn more about the BRRRR Method here - https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/basics/brrrr-method/
Thank you for your time.
Shatie
Timestamps
[00:22] Go to investorfinancingpodcast.com/ask to ask other questions
[01:29] Getting small deals funded with hard money or national funds is very difficult
[01:40] Using Other People’s Money or OPM
[02:48] Know the annual taxes, annual insurance and HOA to calculate the DSCR
[03:19] Fix the property and be rent ready to get a DSCR loan
[03:41] Reason why acquiring the property is a tricky part
[03:49] Look for a local hard money fund that does the smaller deals in your area
[04:06] Go to Real Estate Investor (REI) meetings
[04:55] Book a call at http://bookwithbeau.com/
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
💥 Thanks for watching 💥
#brrrr #brrrrmethod #brrrrstrategy
_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
_________________________________________________________________________________________________
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
-
33:20
Investor Financing Podcast
5 days agoTop Semi-Absentee Franchise Models for Medical Professionals
6 -
LIVE
Candace Show Podcast
1 hour agoThis Is Terrifying! What is Kamala Hiding? | Candace Ep 72
17,832 watching -
LIVE
Right Side Broadcasting Network
2 days agoLIVE REPLAY: President Trump Delivers Remarks in Mint Hill, N.C. - 9/25/24
5,669 watching -
1:01:10
Mally_Mouse
2 hours agoLet's Yap About It - LIVE!
11.6K2 -
40:35
Athlete & Artist Show
4 days ago $0.02 earnedFormer Pittsburgh Penguin Talks Sidney Crosby's $8.7m Deal
11.2K -
14:31
Breaking Points
3 hours agoMissouri EXECUTES Marcellus Williams After MILLIONS Petition
26.4K53 -
1:10:58
Graham Allen
3 hours agoIn The HotSeat Episode 13: Alex Jones
32.5K38 -
2:11:02
Barstool Yak
6 hours agoThe Yak with Big Cat & Co. Presented by Rhoback | The Yak 9-25-24
23.4K -
1:28:43
The Quartering
3 hours agoInfoWars SHUTDOWN, Trump Rally CANCELLED & Secret Service BOMBSHELL
63.6K50 -
1:14:12
Russell Brand
6 hours agoGeorge Soros Buys Up 200+ RADIO STATIONS, Russia Simulates DEVASTATING NUCLEAR STRIKE On UK - SF460
140K267