All Forum Posts by: Dalton King

I'd say find someone in that area who is knowledgeable about those topics. Perhaps a realtor or local investor could provide those evaluations for you. 

Glad I could help! I haven't spoken to him about a refinance because I plan on doing that with a conventional mortgage when the time comes. You would need at least an 20-30% of equity to refinance from what I have heard. 

As for the LLC. I am 99.95% sure you can use the dscr loan with an LLC.

Thank you, I wish you the best as well! 

Hey Justin, I read your post and all the responses. I have another idea that might work for you. I am using a Debt Service Coverage Ratio loan (DSCR) to buy a multifamily property because I have no income. The loan is based on the properties ability to pay the debt of the home. As long as the NOI is at least 10%-50% more than the annual expenses. You can qualify for the loan. (and credit score).

This way you wouldn't need a partner. 

Hope this helps!

Great question! I am noticing a shift in the sellers power in a lot of transactions lately. Homes are sitting on the market longer, agents are doing more open houses trying to find buyers, and many homes aren't priced as high as they were a couple months ago. 

With more homes for sale, the buyers still in the market now have some more inventory to look through.  

I am in Brevard County, Florida.