Anyone have any experience with DSCR loans? I’m currently unemployed and thinking of ways to make income

like
Posting as :
works at
You are currently posting as works at

Yes, I’m somewhat familiar with DSCR loans. But unclear how you will make income from them.

You would still need cash for down payment, closing costs, improvements, and other aspects of the buying process. You often also have to have a track record of operating similar properties, and/or the existing property needs to have a lengthy history of cashflowing.

like

Related Posts

Does anyone have any insights on the Certificate Investment Performance Measurement (CIPM)?

like

Can married couple (both husband and wife) work in EY GDS? I am an existing employee of GDS, my wife is in recruiting process. I need to know whether it is fine. Both are different domains, I’m in Development and she is in QA.

like

Hey fishes,

Need referral for data scientist 2 role at mastered

It would be great if anyone can comment on ctc part.

Thanks in advance😊

like

So someone I know asked HR about a boot policy. When he found out that there wasn’t one, but his boss said there was (who gave the guys $ for boots and the claimed it on his expense reimbursements as something else) the boss got mad at him for askingHR (and in trouble for the expense reimbursements) and then 2 days later laid off my friend. There appears to be no notice of bad performance and this person always was the first person on the job site ready to work. Thoughts?

like

which is better EY India or EY GDS ? Want to know in terms of hike , variable bonus, perks and benefits. Not bothered about client exposure and all.

Hi Fishes, What is the fixed ctc band for SC2 at EY GDS SC&O. Also, how are the levels tracked for progression for a given designation (SC2 to SC3).

Please respond if someone knows about it.
EY

like

Hi fishes

I am new to this app
Can anyone refer me in product based company
Thanks in advance 😊

like

Need help !!

Can Anyone from ICICI bank help get a transaction details of a person who is been missing for few days now ??
Location Mumbai

What would be the average salary for a principal engineer at UNUM in Atlanta, USA?
Profile 12+ years of experience, full-stack tech-lead/sol architect

like

I joined an agency about 2 months ago and every single day I get more responsibilities, to the point that I don't even know what my actual job title is. I'm frustrated, to say the least.

like

Anyone from data technology/consulting team here?

I was doing some googling and I saw that PWC offers MBA hires 45k in comparison to MBBs at 70k +. Is this a bad joke? I can't imagine that PWC's target for MBA hires is widely different from MBB. In the US, the pay gap isn't that wide. Any reason behind this madness?

like

Hello fishes,
Does anybody know how much it takes to receive Revised Offer letter from Mindtree ?
I had a discussion with the recruiter on 6th May and he agreed to send the revised offer letter, but I am still awaiting it. The recruiter is not receiving my calls, not replying to my sms and emails as well.
Not sure what to do in this scenario.

like

Hi Sharks,

How is honeywell company in terms of work and compensation.


Thanks

Hi Fishes, what is the hike given in lti during promotion from one grade to another. Like P3/P4 to P4/P5. Anyone gone through this. Please share your experience.

like

What are your thoughts on how faith should affect your work?

like

Los Angeles, ACD (art), 34, $150k

Has anyone made a property purchase using sheriff sales? Can you shed any light on the process or share tips or resources?

like

Bought shares in AFI and ARGO with plans to sell them this year to buy a house
Sell now before they crash even more?
Or put off buying a house untill the market bounces back?

like

Anyone working off Wacker in Chicago have any apartment suggestions? Or any general advice for the area?

like

Additional Posts in The Real Estate Bowl

I have the opportunity to buy a new build in ATX for 310k at 5.625% 30 year. Should I buy it? I can either:
1) rent it out
2) sell it

It's not my primary and I don't need it to live in. The news about a housing market crash is worrying me. Any advice?

like

Can I get a commercial loan without 25% down?

like

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

I heard you need to show a net worth of 100% of the loan amount. Have you heard about this?

like

Tomorrow is a big day for me!
Made a written offer on an apartment on Sunday. Owner‘s starting price was 500k. My offer is 450k. He thanked me and we are meeting this weekend to „negotiate“. Tips?

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Correct me if I'm wrong but isn't it more advantageous to have low housing prices and higher interest rate? If that's the case, you can always refinance when/if the interest rate lowers again. Is there something I'm not seeing?

like

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

like

Anyone want to aspire and get their real estate licenses together for a side hustle?

like

How soon should you think about refinancing? Closed about two months ago at 3.25 (30 years) but rates keep dropping...

like

Trying to find an investment property to rent out for about $300k - what are your recs for location ?

like

I’m planning on getting my real estate license this spring! My biggest hesitation is that I currently live downtown Chicago and do not own a car. I really do not want to buy or lease a car as the area I live in requires a garage spot to park. Is it realistic to believe that I can be a real estate agent in Chicago if I rely on Uber/CTA?!

like

Is it better to get credit at closing or lowering the overall home price?

seller is offering to lower the cost or give credit to fix the flooring

like

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

Who has done FSBO? Thinking of doing it for 2 of my houses that I’m selling in the spring time.

like

Recently closed on a purchase between a land owner group and a NY based builder for 500 lots of of Florida.

We have similar buyers lined and looking for land owners leads.

Any real estate agent/attorneys with leads for land owners and/or builders please feel free to DM.

like

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

Bought a 300k end unit townhouse in Atlanta, 14 months ago with 10% down (3.65% interest rate). Prices in subdivision have been increasing over that period. This month 2 non-end units listed for 330k and sold right away. The opposite end unit on my 5 unit building was listed for 340k and is currently pending. What is the best way to stop paying PMI since since I should be at 20% equity?

like

Better mortgage vs. Rocket mortgage - anyone shopped with both and what swing your decision?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal