Mar 8 in DSCR
Day 4 Homework
Thanks for a great live session today everyone.
Today's homework is:
- Contact the local credit union in the market you're searching, and see if they can give you a Debt Service Coverage Ratio (DSCR) and Loan-to-value (LTV) parameter for what they'd loan to you for an investment property. (If you can't reach them, just use 1.25 DSCR)
- Calculate the DSCR for 3 of the listings on your shortlist.
- Highlight a deal if it hits the DSCR criteria of the lender.
Please post a screenshot of #2 and comment "DONE" in this thread.
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Day 4 Homework
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