All Forum Posts by: Sarah Hatton
Sarah Hatton has started 7 posts and replied 70 times.
Post: Newbie Introduction to the BP family
- Lender
- San Diego
- Posts 80
- Votes 56
Quote from @Moe Collins:
Hi Sarah,
I appreciate the response. There is definitely a lot of knowledge throughout these forums. You mentioned you had experience on the financial side. Is it true that if a potential buyer of a multifamily property can show that the rents sustain the loan payment that someone like me (LLC business owner) could get financing? I think it's called a DSCR loan?
You are correct! DSCR stands for debt service coverage ratio and is the ratio used to qualify properties for this loan program. You take the monthly rent of the property and divide by the expenses (taxes, insurance, HOA, and projected loan payment). To qualify for the loan program the DSCR ratio has to be above 1.0 which means it is cash flow positive. Interest rates will depend on a handful of factors like the DSCR ratio (the higher the better), leverage, credit score, asset type, pre-pay, etc. A loan officer can help you run the DSCR and provide prelim terms for prospective properties. Happy to take this chat into the DMs and share more!
Post: Newbie Introduction to the BP family
- Lender
- San Diego
- Posts 80
- Votes 56
Welcome Moe! You're in the right place. BP - specifically the forums - is a wealth of knowledge and community in the real estate space. Happy to be a point of contact for any questions on the financing side. Cheers!
Quote from @Dan H.:
We have been here since Monday. Every afternoon it has rained. Stops before nightfall.
Humidity is high. Even though temps are in the eights, perspiring a lot.
Safe travels
Hey Dan! Let plan to meetup at some point.
Quote from @Josh Chamberlin:
Hey there, I am interested in golf on Friday and or Saturday. Have you made any set plans?
Hey Josh! Ended up flying on Saturday night and the weather is not very conducive to outdoor sports, lol. Are you at the conference? It would be great to meetup at some point!
Quote from @Riley Coy:
My business partner and I arrived to Moon Palace a couple hours ago! If anyone would like to meet up before the conference starts, please message or text (515-216-0095).
Hey Riley! Just seeing this. Sent you a text to meetup at some point!
Quote from @Helene Goodworth:
I'm landing on the 5th and staying until the 12th! I'd love to find a meet up to join!
Just sent you a message!
Quote from @Dan H.:
Wife and I will be site seeing before the conference.
Some items considering:
- Chichen Itza
- Swimming in cenote Ik Kil
- Valladolid Centro
- Las Coloradas
- Izamal
- Akumal beach
- Shopping in Playa del Carmen
- Tulum Ruins
- Cenote Dos Ojos
- Xplor
- Parque Nacional de los Arrecifes (cozumel island)
Have not yet looked into transportation or lodging for period outside the conference dates.
I do not golf or pickleball, but I love scuba/snorkel and site seeing.
Quote from @Zach Gring:
I could definetly be down for that! We haven't booked yet, will most likely come in a day or two early.
I'll shoot you a DM and we can keep in touch as we get closer!
Post: Who is excited for BPCON2024!
- Lender
- San Diego
- Posts 80
- Votes 56
BPCON is booked and getting excited!! This will be my 3rd year. Curious when everyone is flying in? It may be fun to organize a meetup before the madness ensues, ha.
BPCON 2024 is booked! I'm wondering if anyone plans on going a day or two early and wants to meet up? It may be fun to organize golf teams and/or pickleball groups.