Many of our loans are for MLS flips.

Repair Budget: $45k–$65k to complete construction and finish-outProjected All-In: ≈ $320k or lessProjected ARV: $380k–$425k based on local 3k sf compsExpected Rent Post-Reno: $2,300–$2,600/mo (Hephzibah 5-bed band)Financing Plan100% Disabled Vet → No VA Funding Fee30-yr fixed VA Renovation loan ≈ 6.25% interestRepair escrow to cover MPR items (post-closing completion)Questions for the community1.

Does anyone have experience or know of someone who was able to obtain a DSCR loan with the seller carrying a second mortgage?

Will a large hole (the size of my torso) in plaster, exposing laths, cause the appraiser to not approve the property?

The cash-out loan LTV is based on the appraised value.

More on DSCR loans: DSCR loans won't use your income to underwrite the loan.

I am a loan originator as well who helps people like you, so I'm happy to have a conversation about your financial strategy and qualifying for your first purchase.

The downside is making sure the seller’s lender doesn’t call the loan due and that all paperwork, especially disclosures and insurance, is airtight.

Hahaha thats a clever name that is suspiciously close to the NFIP (National Flood Insurance Program).

Reconcile Every Bank, Credit Card, and Loan AccountIf your balances don’t match, your P&L and balance sheet won’t be accurate.