All Forum Posts by: Abbey Humphreys

Manufactured housing is booming in the real estate market due to rising rates and housing prices, which have led to a shortage of affordable options. While there's a growing demand for loans for manufactured housing, many DSCR lenders have been hesitant to enter this market. In this video we cover how DSCR approach these kind on investment strategies.


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DSCR Loans: What Are They And How To Get The Best Terms
https://www.biggerpockets.com/blog/ds...
DSCR Loans: How To Use Pro Strategies To Save More And Make More
https://www.biggerpockets.com/blog/ds...

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Hi Masen! First of all, congratulations on getting started. 

Secondly, the basics of your plan sound good but I would love more information. I will reach out via DM to connect with you.

Hey Jen- if you have the capital for one property, I would consider using the BRRRR method. You can buy a property with the intention to fix it up, rent it out, and then refinance. After that refinance, you are free to use the capital accrued to buy another property and repeat the process. This can be a great method to scale quickly and begin to build your portfolio.

Given your intention to start out with an STR, there are financing options there as well, what we call an "AirBNBRRRR". I would love to connect and explain more about how you can utilize this strategy to meet your goals! Will DM.

Hi Aaron- that's so exciting! Congratulations on your first accepted offer. Definitely inspiring. Hope things continue to go well for you.

I agree with @Preston Dean, in that the BP podcasts have the most current information and tips regarding this industry. In regards to building your team, David Greene mentions in his book on the BRRRR method that the team should be comprised of a "Core-4". Essentially, this group is your real estate agent (your "finder"), a trusted GC (your "builder"), your property manager (PMs can be helpful far beyond managing a property; they typically have a rich understanding of the market), and your lender (with whom you can build a trusting relationship). Having these four in your pocket can make finding and obtaining REI deals much simpler and less complicated. Hope that helps!

The people here said it well- this sort of debt is not a life sentence and it is also a way to build long-term wealth. It can certainly feel intimidated to take on more and more debt, but the key is to break out of that headspace and recognize that your properties will pay for themselves (while the returns go in your pocket) and you will eventually flat-out own all of these appreciating assets. 

Hi Glenn- welcome :) This is definitely a great place to start. These forums have a wealth of information from real-life people who are going through every stage of REI. You can learn the lingo as well as the inside tips if you spend time poring over the posts on here.

 Definitely! Let's connect.

There are lenders that offer 15% down on a DSCR loan but you're going to be looking at increased interest rates.

Wow, very impressive! Nice work and congratulations on the deal!