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Michael Cruz's profile image
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Michael Cruz
  • Member since Feb 15, 2023

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Michael Cruz's profile image
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Michael Cruz
  • Member since Feb 15, 2023
Michael Cruz
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Multi-Family and Apartment Investing

N00B looking for a good place to start

Michael Cruz
Posted

Hi All!  I looking to invest in my first Multifamily property, 2-4 units.  I currently own and reside in my primary residence would be strictly an investment property.  I have a BASIC understanding of the process, but not enough to feel confident to move forward.  The main questions I have is getting the loan and exactly how does the rental incomes of thr property help determine the amount of loan I qualify for?

Are there any recommendations for books, websites, or even online courses that I can help guide me along the right path?  Any recommendations would be appreciated, thank you in advance!

Mike

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#1 Private Lending & Conventional Mortgage Advice Contributor
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  • Austin, TX
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Robin Simon
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied
Quote from @Michael Cruz:

Hi All!  I looking to invest in my first Multifamily property, 2-4 units.  I currently own and reside in my primary residence would be strictly an investment property.  I have a BASIC understanding of the process, but not enough to feel confident to move forward.  The main questions I have is getting the loan and exactly how does the rental incomes of thr property help determine the amount of loan I qualify for?

Are there any recommendations for books, websites, or even online courses that I can help guide me along the right path?  Any recommendations would be appreciated, thank you in advance!

Mike


Check out these articles on DSCR Loans, hope it helps!

DSCR Loans: What Are They And How To Get The Best Terms

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Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

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12 Frequently Asked Questions (And Answers) About DSCR Loans

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8 More Commonly Asked Questions and Answers to DSCR Loans

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What Documents Do You Need for a DSCR Loan?

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BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/short-term-rental-loans-a...

DSCR Loans: Terms to Know When Working With These Popular Rental Loan

https://www.biggerpockets.com/blog/dscr-loans-terms-to-know

What’s Next For DSCR Loans? Updates For 2024 and Beyond

https://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...

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