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#91 - How to Buy Investment Properties When Your Bank Says NO

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Manage episode 418553125 series 2093982
Content provided by RYU. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RYU or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In today's video, Michael Lush discusses a financial product called the Debt Service Coverage Ratio (DSCR) loan, designed for individuals who already own a home and have done so for at least 12 months. The DSCR loan differs from conventional loans as it bases eligibility on the potential rental income of the investment property rather than the investor’s income. This makes it an attractive option for those whose tax returns may not traditionally qualify them for conventional loans. Michael outlines the requirements for obtaining a DSCR loan, including needing a down payment and maintaining a 25% margin above property expenses to qualify. This video is aimed at helping potential investors understand an alternative route to purchasing investment properties.

Teaching how you can pay your mortgage off in 5 years or less. Here's how. 👇🏼

https://bit.ly/3u0XXDA

To start building the life you want:

⁠⁠https://replaceyouruniversity.com/⁠⁠

Follow Replace Your University on Instagram:

⁠⁠⁠https://www.instagram.com/the_realryu/⁠⁠

Join Us on Facebook:

⁠⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠⁠

Check out more tips and strategies on our YouTube channel:

⁠⁠⁠https://www.youtube.com/@ReplaceYourUniversity⁠

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 418553125 series 2093982
Content provided by RYU. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RYU or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In today's video, Michael Lush discusses a financial product called the Debt Service Coverage Ratio (DSCR) loan, designed for individuals who already own a home and have done so for at least 12 months. The DSCR loan differs from conventional loans as it bases eligibility on the potential rental income of the investment property rather than the investor’s income. This makes it an attractive option for those whose tax returns may not traditionally qualify them for conventional loans. Michael outlines the requirements for obtaining a DSCR loan, including needing a down payment and maintaining a 25% margin above property expenses to qualify. This video is aimed at helping potential investors understand an alternative route to purchasing investment properties.

Teaching how you can pay your mortgage off in 5 years or less. Here's how. 👇🏼

https://bit.ly/3u0XXDA

To start building the life you want:

⁠⁠https://replaceyouruniversity.com/⁠⁠

Follow Replace Your University on Instagram:

⁠⁠⁠https://www.instagram.com/the_realryu/⁠⁠

Join Us on Facebook:

⁠⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠⁠

Check out more tips and strategies on our YouTube channel:

⁠⁠⁠https://www.youtube.com/@ReplaceYourUniversity⁠

  continue reading

100 episodes

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