For buy-and-hold real estate investors, DSCR loans have become THE THING.
That’s because they’re easier to get than conventional loans, but they have their downsides, too.
At this month’s Express Success member-only class and group coaching call, Rob Fishbein of JM Real Estate Capital will talk through the pros, cons, and process, and answer all of your questions. (Rob and his team from JM are regulars at the MAREI meeting, be sure to look for them in the Trade Show)
You’ll learn
- The basic way in which DSCR loans are different than conventional loans
- What qualifications the property has to have to get one
- What qualifications YOU have to have (short answer: not as many as you think)
- What you’ll have to do, process-wise, to get a loan
- What they cost in terms of rates, closing costs, and fees vs. a FNMA or FHLMC loan
- Terms you can expect, like pre-payment penalties and “no second mortgages” clauses
If you’re an Express Success member, you’ll get an email telling you how to log in to the meeting.
If you’re not, you should join! The benefits are HUMONGOUS.
Check it out under the “Express Success” tab or just click HERE