Treating them as “one applicant” without running both names is how you accidentally inherit someone with a surprise eviction, bad credit, or a criminal record.Run a full check on both — background + credit.Even if the spouse isn’t the income source, you still want to know who’s living there.

Quote from @Nathaniel Carter: Seeing more investors using DSCR loans lately, so I wanted to share a quick summary of why they’ve become so popular:Benefits:No income or employment verificationApproval is based on rental incomeClose in an LLC30-year fixed ratesWorks for long-term, short-term, and mid-term rentalsGreat for self-employed investorsGreat RatesThese loans have been helping a lot of investors scale faster, especially those who hit DTI limits with conventional lenders.If anyone has questions about DSCR structures, cash-out refi options, or how to qualify, feel free to drop them here — I’m happy to help. 

.• Is it easier to finance as a Canadian using a DSCR loan, a foreign national loan, or personal income, and can projected STR income be used?

They also have access to some corporate bookings.

Thach & Stephanie are the real deal.Most of us invest in real estate to create wealth: more income, tax breaks, more time doing what we want to do, etc.I joined Springboard to Wealth in May 2021 with the goal of learning how to be a better investor & agent, and with Thach’s 25+ years of experience (at the time), local to Seattle, and one of the only true BRRRR investors & mentors it was clear he would be someone to look up to and learn from.So while you mostly see Thach influencing on social media from all his success in real estate, don’t discount Stephanie’s background as an experienced therapist because she’s a silent killer investor herself and with their combo, you not only learn how to invest in real estate, you also learn how to master your mindset, your money, your relationships, etc. opening up life’s abundances.They say you’re the average of the 5 closest people in your life, and I’m grateful to have made so many close friends from springboard, it’s truly a family.

Realistically, 5% of $750 rental income isn't a lot to save for those standard repairs and issues that come along with make ready maintenance or the one off issues that you have to fix.

Quote from @Arthur Luay: I used to do this as a side income generating business..

In Oregon their is an attorney but usually only one or two and they are at corporate headquarters and only handle things at a different level never with vanilla closings like in other states.The other prominent thing that is a big help in Or.. is the Customer service ..

@Benjamin McBride 1) Are you saying your rentals aren’t making any income that you could offset with the depreciation?

Your rental income must grow faster than inflation—not just cover your living expenses today, but maintain your lifestyle 10, 20, and 30 years from now.