The Creative BRRRR Strategies Podcast
Ready to succeed in the Real Estate Investing Industry? Join us at ‘The Creative BRRRR Strategies Podcast’ to learn about investment strategies; ask questions and get answers from our community of Creative BRRRR Strategies members; connect with investor-friendly power team real estate players; and so much more.
‘The Creative BRRRR Strategies Podcast’ aims to help its listeners “make more sales and earn higher commissions by learning directly from real estate’s top performers.”
You will learn from up-and-coming real estate professionals Nationwide.
Boasting guests Nationwide, we will aim to ask the questions that matter and implement strategies that will help listeners make more money in real estate.
The Creative BRRRR Strategies Podcast
S1E47 - DSCR - The Good, The Bad, and The Ugly
Joseph discussed the Debt Service Coverage Ratio (DSCR), emphasizing its importance as a key financial metric for assessing an entity's ability to service real estate assets. Joseph cautioned against over-leveraging properties and urged the need for careful forecasting of costs and rental income for long-term financial stability.
Joseph stressed the importance of maintaining a six-month reserve for properties and considering potential unexpected expenses. He advised clients to prioritize the health of their properties as they would their own health and to be mindful of potential issues, such as job loss or illness.
He also underscored the significance of insurance compliance in different states and shared his insights on various US real estate markets. Joseph highlighted Buffalo, New York, as a market with a good barrier of entry, and expressed cautious optimism about Indianapolis, noting the development of its suburbs. He also warned about the risks of investing in rural areas and expressed his preferences for New Hampshire and Maine over Providence.
Finally, he described the advantages of DSCR loans in real estate investing, particularly for single family properties with 25 units under 3 million, and noted that DSCR lenders focus on the creditworthiness of the property, not the individual borrower's personal debt-to-income ratio.
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Perkitech - https://perkitech.com/
Realty411 - https://realty411.com/
MB Capital Solutions - https://mbcapitalsolutions.com/
Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/
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Main Website - https://creativebrrrrstrategies.com/
Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/
Email - info@creativebrrrrstrategies.com