I'm so glad this video has been useful for so many people! Be sure to subscribe to support the channel and you're welcome to reach out to me directly for more information anytime here: balanceprocess.com/dscr-loan-program/
@keshakee4577
Жыл бұрын
How long do you have to hold on to a property after purchasing with a DSCR loan...can you get a property fix it up then sell or cash out refi?
@MortgagebyAdam
Жыл бұрын
6 months. And can cash out after 6 months.
@realtorgamechanger6192
Жыл бұрын
Excellent breakdown!! Thanks!!
@MortgagebyAdam
Жыл бұрын
Thank you. I appreciate that! 😎
@mike2959
Жыл бұрын
All the qualifications for a DSCR really do vary by lender. The credit score. The LTV. All varies.
@MortgagebyAdam
Жыл бұрын
You're correct. As with all loan products. Guidelines vary from lender to lender.
@mcburgerpants
Жыл бұрын
Does having an 830 credit score help much more than just the minimum requirements? Or are the terms all practically the same either way?
@MortgagebyAdam
Жыл бұрын
830 helps. What guideline are you looking for flexibility on?
@TRichards-u9c
3 ай бұрын
Great video! I learned a lot!
@MortgagebyAdam
3 ай бұрын
Awesome! Thank you! 😎
@amysteinworth3539
2 жыл бұрын
very informative thank you. So you may could qualify for your first realestate property
@MortgagebyAdam
2 жыл бұрын
Thank you. For first time investors, I think it makes most sense to either convert your current primary residence into a rental, or buy a 2-4 unit with an FHA loan with only 3.5% down. Although first time investors are allowed on DSCR loans, its really better fit for experienced investors.
@amysteinworth3539
2 жыл бұрын
@@MortgagebyAdam if you do Airbnbs would that be included in your portfolio dscr loan would you consider a first time investor
@AdamLesner
Жыл бұрын
@@amysteinworth3539 if you currently own air bnb rentals, you would not be considered a first time investor.
@uptlz3502
Жыл бұрын
Great video!👍🏾👍🏾
@MortgagebyAdam
Жыл бұрын
Thank you!
@isiahpageip
Жыл бұрын
Thinking about buying my first primary residence with a DSCR loan. I make around $3K+ a month, working on credit and I want to get a multi family first. How’s my situation looking?
@MortgagebyAdam
Жыл бұрын
If you'll be occupying 1 of the units, you would want to do it on an FHA loan, not a DSCR loan. You're welcome to contact me for additional questions BalanceProcess.com/contact
@viviancoston3171
Жыл бұрын
Why is that so?@@MortgagebyAdam
@Shanita162
8 ай бұрын
This is my 1st time hearing about this amazing option. Would there still be a need to have a or get a certificate of occupancy, inspection, pay closing costs etc.?
@MortgagebyAdam
8 ай бұрын
Awesome! 😎 Yes. The only difference between a DSCR loan and a traditional loan is: there is no verification of personal income. The I come approval is based on property cash flow, not personal income. All credit, asset, and property requirements need to be met. Happy to help when you're ready BalanceProcess.com/dscr-loan-program
@joinn6458
Жыл бұрын
After watching your video I have better understanding, I'm a 21 years old that wants to get into real estate my credit score is excellent and I make pretty good income but DSCR doesn't require personal income beside stocks portfolio I have no other assets. would DSCR be the best option for me.
@MortgagebyAdam
Жыл бұрын
If you have decent credit/income it will likely be best to get into your own primary residence first (could even be a 2-4 unit). Investing in rental property for beginners - full video coming next week. Be sure to subscribe.
@starrycoyote
20 күн бұрын
Nice! Be great to work with you in 2025 after some rate cuts and I’ll be getting a nice chunk of cash together!
@MortgagebyAdam
19 күн бұрын
Look forward to working with you!
@Dumeme510
10 ай бұрын
Great job explaining. My confusion is that i have seen dscr loans explained two ways. The way you just did and then using NOI. Which is it? Or are there two differnt ways of underwriting the loan? Thank you.
@MortgagebyAdam
10 ай бұрын
Depends on the lender. Keep it simple: rent divided by mortgage (with taxes and insurance)equals your DSCR. So if rent is 2,000 and mortgage is 1,500 then you do 2,000 / 1,500 = 1.33 DSCR. Contact me for any questions. BalanceProcess.com/dscr-loan-program
@Dumeme510
10 ай бұрын
@@MortgagebyAdam thank you.
@daisyg5124
10 күн бұрын
Can you as an investor buy a duplex to rent one and live in the other house? Would you still get a dscr loan??
@MortgagebyAdam
10 күн бұрын
If the plan is to live in 1 of the units, the you would do it as a primary residence with 3.5% (FHA) or 5% (conventional) down payment. You wouldn't do it as DSCR loan, because a DSCR loan is for investment property only. Feel free to schedule a call with me, happy to talk it out. Schedule a call here calendly.com/lesnerap63/30min
@melissawilson7832
2 жыл бұрын
Do the properties have to be non owner occupied? And can you rent to a family member? Can you purchase under an LLC if so do they look at both business and personal credit?
@MortgagebyAdam
2 жыл бұрын
Yes, has to be non owner occupied. You can rent to family. Your LLC can hold title, but the loan will be in your name and on your credit.
@JayS64
10 ай бұрын
So dscr loans can't be used on 5 + unit properties? 5:25
@MortgagebyAdam
10 ай бұрын
Yes they can be. But guidelines/requirements/products are different on 5+ unit properties.
@robertasprague7375
Жыл бұрын
So can I get this loan to fix up an existing building on my property to make a barndominium for STR which I am presently doing on two listings?
@MortgagebyAdam
Жыл бұрын
A DSCR loan is not a renovation mortgage. You may need to seek a hard money loan to get the rehab done.
@dickpushee32
3 ай бұрын
is there any way that i can get in contact with you
@MortgagebyAdam
3 ай бұрын
Absolutely. 248-894-2763 or schedule a call here: calendly.com/lesnerap63/30min
@briank680
Жыл бұрын
Great information
@MortgagebyAdam
Жыл бұрын
Thank you! 😎
@tarawalton6778
2 жыл бұрын
AWESOME content! I live in NYC & I am looking to invest in upstate NY. Can you provide a DSCR company for me to work with? Thank you in advance. Subscribed💯
@MortgagebyAdam
2 жыл бұрын
Thanks for the sub! You can shoot me an inquiry anytime and I'll connect you with a lender to meet your needs. Inquire here: BalanceProcess.com/dscr-loan-program/
@jcastilloarc
Жыл бұрын
Where is the best place to get a good interest rate on a dscr loan?
@MortgagebyAdam
Жыл бұрын
🙋♂️ I am happy to get it done for you with the most competitive pricing in the market. Feel free to reach out anytime here: BalanceProcess.com/contact
@briank680
Жыл бұрын
In video you commented at near the end that this loan is good for 2-4 unit properties can it be used for say a 24 unit property ?
@MortgagebyAdam
Жыл бұрын
Yes. Feel free to contact me anytime here: BalanceProcess.com/dscr-loan-program
@valeriyadyomina8488
Жыл бұрын
Thank you for your video. Can I sell in the future the property under dscr loan?For buy,for example, my own home?
@MortgagebyAdam
Жыл бұрын
A DSCR loan is for investment property only. You can sell at anytime in the future.
@valeriyadyomina8488
Жыл бұрын
thank you
@JJBAD5
Жыл бұрын
Oh, does every bank offer that loan?
@MortgagebyAdam
Жыл бұрын
No. You can contact me here to apply: BalanceProcess.com/dscr-loan-program
@williamdonald2830
Жыл бұрын
Do they do these loans with 15 year terms and if so, what are the current interest rates?
@MortgagebyAdam
Жыл бұрын
Yes, 15 year fixed is an option. Rates in the 8s. Assuming perfect credit and 20% down.
@NorthWestAutos
Жыл бұрын
Adam would this work on a 5 unit building? Thank you.
@MortgagebyAdam
Жыл бұрын
Yes.
@Evoevo951
2 жыл бұрын
Does a DSCR basically let you know how much you qualify for? Like say, and FHA/Conventional pre approval?
@MortgagebyAdam
2 жыл бұрын
Yes. The amount you qualify for depends on: fair market rent, available assets (for down-payment, costs, reserves), first time investor vs. non first time investor, and credit score.
@Evoevo951
2 жыл бұрын
@@MortgagebyAdam Thank you so much. I would be a first time investor for a beach front condo I'm looking at using for STR. Good to know this info.
@michellewedderburn5818
Жыл бұрын
where do i go to apply for a dscr loan? Also can i use dscr loan on foreclosure property?
@MortgagebyAdam
Жыл бұрын
You can apply here: BalanceProcess.com/dscr-loan-program/ The property can be a foreclosure
@curtisharvey6615
2 жыл бұрын
Wait did you say as low at a 620 credit score can be used? How do we contact you?
Would a person with a poor credit history (consumer debt) be better to apply for the loan with a LLC ?
@MortgagebyAdam
6 ай бұрын
There are lenders out there that allow you to have business credit pulled. But I believe rates/costs are higher than if you were to do it in your own credit. For that type of loan, you may want to seek a hard money loan.
@chrisneils2536
Жыл бұрын
Can I use this type of loan to get some funding for building properties for short term rentals? Can I use cash flow projections of those rentals to qualify?
@MortgagebyAdam
Жыл бұрын
Yes you can. I don't do DSCR construction loans. But there are lenders that do them.
@ricainiguez
Жыл бұрын
In order to apply for this type of loan do I need to have a property in mind first? If so don't I need to get first qualified in order to start looking? I'm thinking on getting an equity loan and purchase a rental property.
@MortgagebyAdam
Жыл бұрын
No, you don't need to have a property in mind. You're welcome to reach out to me anytime to start the pre-approval process. Reach out here: BalanceProcess.com/dscr-loan-program/ or call me at 248.894.2763
@Letsstartliving
Жыл бұрын
Whats a good lender to use
@MortgagebyAdam
Жыл бұрын
We do DSCR loans. Reach out here: BalanceProcess.com/dscr-loan-program/
@whitakerjl123
Жыл бұрын
It's so difficult to get access to money to get out of poverty. It's somany obstacles. I just got this loan to flip a house
@MortgagebyAdam
Жыл бұрын
Congratulations on your loan for the flip!
@whitakerjl123
Жыл бұрын
@@MortgagebyAdam Thanks. I had to put down 25 percentage 40 thousand to qualify
@MASTERTRONIC1313
Жыл бұрын
Hi there , is posible to get a loan for auction properties?
@MortgagebyAdam
Жыл бұрын
It depends on how quickly they need to be funded. If they allow you to get under contract with a preapproval letter, then you should be in good shape. You're welcome to reach out to discuss further anytime here: BalanceProcess.com/dscr-loan-program/
@TaylorMadeLLT
2 жыл бұрын
I have a 4 unit if i want to refi out of fha and buy another property i owe 250k its worth 550k
@MortgagebyAdam
2 жыл бұрын
Happy to help. Feel free to contact me here: BalanceProcess.com/dscr-loan-program/
@ednasalinas8280
2 жыл бұрын
I have some rentals, most with mortgages, one fully paid for. If I want to borrow to invest in a new one, do I get a HELOC or cash out refi with one of those rentals or try to get a new mortgage with DSCR loan. I do have funds for down payment. Also is DSCR loan = asset based loans? THX.
@MortgagebyAdam
2 жыл бұрын
It depends on how much equity you have and how much cash you need. A DSCR loan is where the approval is based on property cash flow, not based on available liquid assets. Please feel free to reach out so we can see what makes sense at BalanceProcess.com/dscr-loan-program/
@leonaking1865
Жыл бұрын
I have good credit and a new LLC how do I qualify?
@MortgagebyAdam
Жыл бұрын
It depends on. How much you have set aside for down payment, and depends on investment property experience. You're welcome to reach out to us anytime here: BalanceProcess.com/dscr-loan-program/
@thomasbrettgilbert4239
2 жыл бұрын
I have seen 80% LTV DSCR's advertised. Is this actually LTV (i.e. if I purchase a house at 80% of LTV, am I still required to bring 20%)?
@MortgagebyAdam
2 жыл бұрын
LTV is based on the lower of the purchase price or the appraised value. You would need to do 20% down.
@mikeudume7136
Жыл бұрын
Thought dscr requires 15% down?
@MortgagebyAdam
Жыл бұрын
Currently I am not aware of any lenders doing 15% down on a DSCR loan
@britneylowe9209
Жыл бұрын
Don’t you have to own a home to be a to qualify?
@MortgagebyAdam
Жыл бұрын
No you currently have to own a home. You must have owned a home within the last 3 years.
@BossChronicles
2 жыл бұрын
Soo u already need too own a property ?
@MortgagebyAdam
2 жыл бұрын
For first time investors, you need to be able to show you have owned a primary residence for at least 12 months within the last 3 years.
@BossChronicles
2 жыл бұрын
@@MortgagebyAdam any programs and loans that dont require income verficafion looming to purchase my first property i have good credit
@MortgagebyAdam
2 жыл бұрын
@@BossChronicles not for primary residence. But if you're a business owner we do have Bank Statement Loans where you can get approved based on bank deposits, NOT tax returns.
@andremckenzie7338
Жыл бұрын
Which lenders do you recommend for DSCR LOANS?
@MortgagebyAdam
Жыл бұрын
I recommend Mortgage by Adam 😎 Contact anytime here: BalanceProcess.com/dscr-loan-program/
@WendyQuintero-Trejos
Жыл бұрын
If I get a HELOC loan to put 20% down on a rental property. Can I use the DSCR loan? If so, once I update the house, can I refinance, take the down payment out and repay my HELOC loan?
@MortgagebyAdam
Жыл бұрын
Yes, but you'll have to wait 12 months to refinance in order to use the updated appraised value.
@Mypromisethetruth
2 жыл бұрын
Can you use the Dscr loan on a new construction loan?
@MortgagebyAdam
2 жыл бұрын
Only on a rehab loan or existing/finished property.
@camic1299
Жыл бұрын
Where do I go to get that loan Where do I call Or who can finance this loans Can you please let me know Than you so much
@MortgagebyAdam
Жыл бұрын
We do them. You can contact us here: BalanceProcess.com/dscr-loan-program/
@matthewsmith9986
Жыл бұрын
Is there any benefit to doing a DSCR over a conventional mortgage if you don't mind showing employment/income until you've hit the max number of conventional mortgages? Will one affect your ability to qualify for future mortages more than the other? I.E. if my family and I wanted to buy a new primary residence and I have 5 DSCR loans on my credit report, would it be easier to qualify than if I have 5 Conventional loans? Just curious because we will probably move within the next 5 years and I want the ability to qualify for a new mortgage/primary residence. 800+ credit score.
@MortgagebyAdam
Жыл бұрын
As far as qualifying in the future for a new primary residence, the DSCR loans are still reported as "conventional" on your credit report. So it wouldn't make a difference from a credit reporting standpoint. I hope this helps. If you need clarity let me know. Thank you!
@alitayeh2233
2 жыл бұрын
After watching this video, I have a much better understanding of DSCR loans. Greatly appreciate your efforts. What're the rates range right now? And can you help with obtaining a DSCR loan for 5 investment properties in Michigan?
@MortgagebyAdam
2 жыл бұрын
Great to hear! Happy to help with these properties and get you pricing. Feel free to reach out here: BalanceProcess.com/dscr-loan-program/
@tommycop284
Жыл бұрын
How do I know how much I can qualify for with a DSCR loan? Or does it not matter if the ratio is correct
@rachels7252
2 жыл бұрын
Can you use a private lender to help with 20% down payment? Are there pre-payment penalties with a DSCR loan?
@MortgagebyAdam
2 жыл бұрын
Funds needs to be seasoned in your account for 60 days. There are options with no prepayment penalty.
@DFTrustIncCorp
Жыл бұрын
Ive seen most say 30 days for seasoning and rent can be used to cover downpayment and fees if needed
@Blah678
11 ай бұрын
Can I use this loan to put the property under my LLC? I heard the investor cash flow loan can be used for LLC, but can the DSCR loan be utilized this way? Thank you
@MortgagebyAdam
11 ай бұрын
Yes. Investor cas flow and DSCR is the same loan, different vocabulary.
@cmarthify
2 жыл бұрын
I am looking at an investment property located in South Carolina. I have no income verification at this time but have recently sold a home in NY and have substantial funds available. I would like to use as little as possible down on this home, fix it up first, then rent it out. Is this possible with a DSCR loan. What banks would you recommend for this type of transaction.
@MortgagebyAdam
2 жыл бұрын
Happy to work with you on this Christopher. You're welcome to shootnme an inquiry anytime here: BalanceProcess.com/dscr-loan-program/
@amberdittmer6329
Жыл бұрын
Adam do you help people get the dscr loan? How can I get a hold of you?
@MortgagebyAdam
Жыл бұрын
Hey Amber, yes, happy to help. Can reach me anytime here: BalanceProcess.com/dscr-loan-program or call/text me at 248.894.2763
@davidchong9449
2 жыл бұрын
Are DSCR loans limited to only commercial properties 4+ units? Can you buy just a 1 unit rental property with a DSCR loan?
@MortgagebyAdam
2 жыл бұрын
This can be done on a single family home, and a 2-4 unit property.
@abran-el
Жыл бұрын
I'm still confused just learning
@MortgagebyAdam
Жыл бұрын
Holler at me for answers to your questions 248-894-2763
@fredrickwilson1520
Жыл бұрын
Who would you recommend for a dscr loan?
@MortgagebyAdam
Жыл бұрын
BalanceProcess.com/contact
@franc587
9 ай бұрын
Whats the benefit of buying DSCR? is this just another Hard Money Lender type? What is the downpayment required?
@MortgagebyAdam
9 ай бұрын
Hard money rates are much higher, and hard money loans are short-term (usually 12-18 month) loans.
@franc587
9 ай бұрын
@@MortgagebyAdam Great. I'm looking to buy a rental property soon. I m interested in DSCR loan
@MortgagebyAdam
9 ай бұрын
@@franc587 sounds good! When you're ready, I'm your guy. Contact me anytime at balanceprocess.com/dscr-loan-program/
@One_Eleven111
Жыл бұрын
Do I need to put an offer on a property before I can get the loan? Or do I tell the lender the property I'm interested in, and they figure out the ratio? Also, can I get a loan under 100k, or do I need to borrow at least 100k?
@MortgagebyAdam
Жыл бұрын
You don't need a property yet. Step 1 is to get pre-approved to make sure you qualify. Once you get pre-approved, then it's time to find the right property that fits your needs and get under contract. You'll need guidance from your realtor on fair market rent to make sure property cash flows. Loan amount needs to be 100K+ You're welcome to reach out to me anytime for other questions and preapproval here BalanceProcess.com/dscr-loan-program/
@crismcdonough2804
4 ай бұрын
@@MortgagebyAdamso the property has to sell for at least $120k?
@MortgagebyAdam
4 ай бұрын
@@crismcdonough2804 125K
@ShelliStinson
Жыл бұрын
Hi Adam. Great video. Can foreign nationals (Canadian) use DSCR from a lender in the US?
@MortgagebyAdam
Жыл бұрын
Yes we can. Feel free to contact me anytime to answer any of your questions. BalanceProcess.com/contact
@imaspier3
7 ай бұрын
Where to apply for the loan process?
@tommycop284
Жыл бұрын
Can I use a HELOC from my primary residence as a down payment?
@MortgagebyAdam
Жыл бұрын
Yes you can.
@tommycop284
Жыл бұрын
@@MortgagebyAdam thank you 🙏. One more question. How does a bank determine what someone applying for a DSCR loan qualifies for? Is there a limit or as long as the ratio matches up 1.00 or above to cover mortgage, etc depending on bank it can pretty much be any amount within reason?
@MortgagebyAdam
Жыл бұрын
@@tommycop284 The limit is based on your budget in regards to down payment/costs/reserves. If you have sufficient funds for the budget you're looking for, then you should be good to go (assuming the fair market rent covers mortgage including taxes/insurance). The appraisal will confirm what should be used for fair market rent. Make sense? Feel free to reach out to me anytime here: balanceprocess.com/dscr-loan-program/
@carolynavery7405
Жыл бұрын
Can you do a dscr on a fha
@MortgagebyAdam
Жыл бұрын
No, you can't do DSCR on FHA. For FHA, you're looking at a full doc loan. Let me know what questions you have here BalanceProcess.com/contact
@franciscodiaz4370
Жыл бұрын
What about for a new building, I own a land, want to build a 6 unit building
@MortgagebyAdam
Жыл бұрын
We have ground up construction loans. Depending on previous experience.
@franciscodiaz4370
Жыл бұрын
@@MortgagebyAdam send me info please
@MortgagebyAdam
Жыл бұрын
@@franciscodiaz4370 you're welcome to reach out to me with details anytime here: balanceprocess.com/dscr-loan-program
@kennyd8710
Жыл бұрын
Good information thank you my brother
@MortgagebyAdam
Жыл бұрын
Welcome 👊
@mr.andrews4266
2 жыл бұрын
I currently own a 6 -plex unit , what program would you offer me to cash out refinance the property -credit score 800
@MortgagebyAdam
2 жыл бұрын
I may have an option for you. Feel free to reach out at BalanceProcess.com/dscr-loan-program/
@mellymel9892
Жыл бұрын
So if I’m looking to purchase a property with no renters currently in it, I would have to put down 25%?
@MortgagebyAdam
Жыл бұрын
20% down should be fine for current guidelines. You're welcome to reach out anytime here: BalanceProcess.com/dscr-loan-program
@cisco4rm714
11 ай бұрын
What if you have an IRS tax lien on the current rental property. Can you still apply and qualify?
@MortgagebyAdam
11 ай бұрын
Yes. The tax lien will need to be paid at closing with the loan, or prior to closing. Shoot me your questions at adam@balanceprocess.com
@zacvaughan9188
Жыл бұрын
So there must be a current tenant? You can't purchase vacant property and put a tenant in there, correct?
@MortgagebyAdam
Жыл бұрын
Vacant property is eligible on purchase and refinance. We'll use the fair market rent per the appraisal to determine eligibility.
@dalianofit3518
Жыл бұрын
Do you need to own any property to get this loan or can you get it to buy or finance the properties?
@MortgagebyAdam
Жыл бұрын
You need to have owned real estate in the last 3 years.
@For_greater_good
Жыл бұрын
Thanks Adam for your videos. Quick question: I'm currently doing two cash out DSCR loans for the same borrower with the same lender. He is a seasoned investor and has 6 properties which are paid off. His credit score is 665, LTV : 55% and DSCR is 0.8%. Now the lender is asking for 12 months of reserves for each property. Both properties that we are doing loan on are currently are free and clear. Is it normal for lenders to consider reserves for each property and not share the reserve funds between the two? Thanks.
@MortgagebyAdam
Жыл бұрын
12 months reserves for both deals seems excessive for this scenario. There are other options available. Shoot me an inquiry and we can talk it out further. BalanceProcess.com/dscr-loan-program
@For_greater_good
Жыл бұрын
@@MortgagebyAdam Thanks Adam. Fortunately borrower had enough funds to cover the reserves so it got taken care of. Awaiting CTC, fingers crossed! ;)
@rajeshisrani9106
2 жыл бұрын
which institutions or banks are the best rated for DSCR loans?
@MortgagebyAdam
2 жыл бұрын
Feel free to reach out and I'll get you connected. Inquire here BalanceProcess.com/dscr-loan-program/
@quincylockett9554
Жыл бұрын
How many months of reserves are required for a purchase?
@MortgagebyAdam
Жыл бұрын
6
@crismcdonough2804
4 ай бұрын
Im sad that the minimum dscr loans are for $100k as there is a multi family property near me thats $68k.
@MortgagebyAdam
4 ай бұрын
I understand. You may be able to find a hard money lender that goes down to 50K.
@thatrealestateinsider
Жыл бұрын
Great vid Adam. So, did I understand that bank statements are still something needed to provide regardless but all other personal financial information is not needed to get the loan in a refinance option? TIA Keep up the good work.
@MortgagebyAdam
Жыл бұрын
Correct - assets, credit, property all need to meet guidelines. But personal income/employment is not listed on the application. Thank you!
@thatrealestateinsider
Жыл бұрын
@@MortgagebyAdam Got it! Thanks for the prompt response. Keep building!
@MortgagebyAdam
Жыл бұрын
@@thatrealestateinsider anytime!
@GlennCrinerLA
Жыл бұрын
What if u own the property out right without a mortgage
@MortgagebyAdam
Жыл бұрын
You can do a cash out refinance if thats what you're looking to do.
@Builder.hispano
9 ай бұрын
Hey thank you for share this information what is the difference of cash out or refinance?
@MortgagebyAdam
9 ай бұрын
Cash out refinance means you pull equity out from the property for debt consolidation, improvements, or other purposes. Rate and term refinance is where you refinance to lower the rate or to pay off a hard money loan. You're welcome to reach out to me anytime here BalanceProcess.com/dscr-loan-program/
@Builder.hispano
9 ай бұрын
@@MortgagebyAdam thank you for answering ,do you do mortgages ? I have a property I’ll like to get in touch if you do
@MortgagebyAdam
9 ай бұрын
@@Builder.hispano yes I do. Please feel free to reach out to me directly anytime here: BalanceProcess.com/dscr-loan-program/
@RatchamoGaming
2 жыл бұрын
So does the rental property need to be rented out for 6months or 6months after the appraisal i can refinance
@MortgagebyAdam
2 жыл бұрын
It depends what the goal is for the refinance. Is it vacant? Are you looking to pull cash out?
@MortgagebyAdam
2 жыл бұрын
You're welcome to reach out for further guidance anytime here: BalanceProcess.com/dscr-loan-program/
@shateyaa
2 жыл бұрын
Is it possible when you put the DSCR loan in your LLC, they still report to your personal credit?
@MortgagebyAdam
2 жыл бұрын
The loan is closed in your personal name, and is reported on personal credit. But the title can be held in LLC.
@thiscopflips
2 жыл бұрын
@@MortgagebyAdam Hey Adam. So how can you get a loan where you are the PG but it reports in your business LLC credit? Also, what are the current interest rates for the DSCR loans and where do I find them? Sry for so many questions. Thank you.
@Marcothemillionaire
Жыл бұрын
dscr loan new construction????
@MortgagebyAdam
Жыл бұрын
Yes
@reneforbi6099
Жыл бұрын
any loan product with no down payment and no credit check?
@MortgagebyAdam
Жыл бұрын
No. You have to have some skin in the game, or there is no incentive to pay the loan back.
@JasonArcherOnline
2 жыл бұрын
Solid overview... can you do deals in AZ?
@MortgagebyAdam
2 жыл бұрын
Thanks Jason. Yes, we do AZ. You can shoot me an inquiry anytime here BalanceProcess.com/dscr-loan-program/
@mikhailelenberg8030
2 жыл бұрын
What banks or who do I go to to get this loan?
@MortgagebyAdam
2 жыл бұрын
We do them. You're welcome to reach out here: BalanceProcess.com/dscr-loan-program/
@kelynzelaya1909
2 жыл бұрын
Can i get that loan for fix and flip?
@MortgagebyAdam
2 жыл бұрын
We do have fix/flip resources. Feel free to reach out anytime here: BalanceProcess.com/dscr-loan-program/
@cassie1565
2 жыл бұрын
Do you work with borrowers in upstate NY?
@MortgagebyAdam
2 жыл бұрын
Yes
@cassie1565
2 жыл бұрын
OK great I will be in contact.
@andrewmorris5947
2 жыл бұрын
My name is Andrew by the way.
@MortgagebyAdam
2 жыл бұрын
Hope all is well Andrew!
@IvanGardea1926
2 жыл бұрын
Good video didn’t catch what interest rate with the ratio loan
@IvanGardea1926
2 жыл бұрын
My credit is 760
@MortgagebyAdam
2 жыл бұрын
Happy to get you a rate quote. Feel free to reach out at BalanceProcess.com/dscr-loan-program/
@analevy4490
2 жыл бұрын
Can you use the loan for an Airbnb property purchase?
@MortgagebyAdam
2 жыл бұрын
Yes you can.
@analevy4490
2 жыл бұрын
@@MortgagebyAdam Great! thanks!
@Filip23623
Жыл бұрын
Please is this working also in europe ?
@MortgagebyAdam
Жыл бұрын
I'm not sure, I'm sorry.
@southsidesauce1261
Жыл бұрын
So the property has to at least be 100k ?
@MortgagebyAdam
Жыл бұрын
Minimum loan amount is 100K
@chanayssalonandbeautybar8838
6 ай бұрын
CAN they be done with no money down?
@MortgagebyAdam
6 ай бұрын
No they cannot. 15% down is the minimum down payment for experienced investors. 20% down for new investors.
@mandog1981
Жыл бұрын
Is this only for apartments or single family. What about commercial rentals like self storage or work warehouse?
@MortgagebyAdam
Жыл бұрын
We can do these on apartments, 1-4 property, self storage and retail commercial property. May consider warehouse. Max LTV varies based on property type, experience, and credit. Contact me anytime here: BalanceProcess.com/contact
@oiviafrancis5033
Жыл бұрын
Typo* DSCR
@MortgagebyAdam
Жыл бұрын
No down payment assistance on DSCR.
@1newstart01start4
Жыл бұрын
What banks, you know, offer this?
@MortgagebyAdam
Жыл бұрын
We do. You're welcome to reach out here: BalanceProcess.com/dscr-loan-program
@1newstart01start4
Жыл бұрын
@@MortgagebyAdam Ok. Thank you. I will.
@unlimitedglobal
Жыл бұрын
2 to 4 units is also looked at as compared to a single family swelling this is ok for a refi but 5 units and above a DSCR is great bc one doesnt have to have cash or a job history or great credit ,,, a LLC is nesc for this as well and the LLLC cant be at the residence u live at ...... correct me if i am wrong
@MortgagebyAdam
Жыл бұрын
Correct, you can't do a DSCR loan on a property that you occupy.
@anthonygall6044
2 жыл бұрын
Isn’t the DSCR calculation NOI/Debt service vs. rental income / debt service? Asking for a friend
@MortgagebyAdam
2 жыл бұрын
Hey Anthony, 0:52 into the video, that is exactly what I said. For simplicity verbiage (for people who don't understand what not operating income is) your rent / your mortgage including taxes and insurance is your DSCR.
@vaniaridley3012
2 жыл бұрын
Can you tell them people should be able to view the content without watching 7 minutes of an ad if their not interested it says video starts in 2 then it’s still going with the ad this is stupid
@MortgagebyAdam
2 жыл бұрын
I'll let youtube know.
@mariolagunes5023
Жыл бұрын
@Mortgage by Adam hello! Do i have to live in the property if a get this type of loan?? Thank you.
@MortgagebyAdam
Жыл бұрын
No, this is for investment property only.
@saiydamiller5400
2 жыл бұрын
Hello question in my market Florida we do a lot of efficiencies, in-law quarters and renting rooms that's not considered a true multifamily. Can the income be considered in this case?
@MortgagebyAdam
2 жыл бұрын
No, that wouldn't be true multi family.
@pinnkbanxxx4675
2 жыл бұрын
Hey, I have vacant land and looking to build a house can the No ratio loan work for this?
@MortgagebyAdam
2 жыл бұрын
I'm sorry, it would need to be an existing home.
@TheAceMoneyShow
2 жыл бұрын
Is their a 10% down except if you have high credit or is 20% required and nothing else?
@MortgagebyAdam
2 жыл бұрын
20% down is the minimum, and need funds for closing costs, escrows (taxes/insurance) and reserves.
@Eddie-gb3bn
Жыл бұрын
Do DSCR’s have lower interest rates? If so how’s that?
@MortgagebyAdam
Жыл бұрын
No, the rates on DSCR are not lower than conventional rates. The purpose of a DSCR loan is to get approved based on property income, not personal income. The advantage is not having to document your employment or income.
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