How To Use DSCR Loans and Fix and Flips Loans to Be a Property Investor

✔️The Michigan Loan Officer 🧑‍💼✔️ First Time Homebuyer Specialist 🏡 ✔️ Helping Michigan First-Time-Homebuyers Buy With Confidence ✔️ Want to be a property investor but don’t know where to start? Well, I got you and here are the steps to take. Step 1 make sure you buy your first primary property first. Step 2 created an LLC. Step 3 Make sure your credit is above 660 and you have at least 15-25% of the purchase price for your down payment. Next start looking for properties that need work and have a good after repair value. Sub to the channel and more videos on these topics coming soon! Timestamp 00:00 Intro 1:58 Why work with Tim 3:00 What is a DSCR loan 4:44 DSCR rental loan requirements 7:57 How to calculate DSCR 10:17 Who is a DSCR loan best for 11:23 Steps to get a DSCR loan 12:55 What is a Fix and Flip Bridge Loan 14:10 Fix and Flip loan requirements 15:16 How is ARV calculated 15:45 Example of a fix and flip 18:09 Steps to get a fix and flip loan 19:26 Portfolio loans 20:48 Questions 20:58 closing remarks About Helping Michigan First-Time-Homebuyers become educated on the home buying process without becoming overwhelmed or feeling like they’re getting taken advantage of. This channel has daily video and shorts on topics related to financing, tips on how to manger money, reviews, and helping real estate professionals. 🌳 Do you want a clear and simple process... For most big box lenders, you are one out of thousands. The one fit all model does not work. ✅ Not a 1800 number. Availability when YOU need it. ✅ Hold your hand every step of the way. ✅ Weekly updates and a no surprise process. ✅ Top notch process and close on time. ✅ Customizable and personal service to fit your needs. 🚨𝐇𝐨𝐰 𝐖𝐞 𝐂𝐚𝐧 𝐇𝐞𝐥𝐩🚨 𝙂𝙧𝙤𝙪𝙥 𝙩𝙤 𝙇𝙚𝙖𝙧𝙣 𝙀𝙑𝙀𝙍𝙔𝙏𝙃𝙄𝙉𝙂 𝘼𝙗𝙤𝙪𝙩 𝘽𝙪𝙮𝙞𝙣𝙜 𝙖 𝙃𝙤𝙢𝙚 𝙞𝙣 𝙈𝙞𝙘𝙝𝙞𝙜𝙖𝙣   / abcfthb   𝘽𝙪𝙞𝙡𝙙 𝘾𝙪𝙨𝙩𝙤𝙢𝙞𝙯𝙚𝙙 𝙃𝙤𝙢𝙚 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙋𝙡𝙖𝙣 https://apply.tim-tom-mortgage-team.c... Call or Text me at 313-214-2400 🚨𝐖𝐚𝐧𝐭 𝐭𝐨 𝐋𝐞𝐚𝐫𝐧 𝐌𝐨𝐫𝐞🚨 Website www.tim-tom-mortgage247.com/ Connect With Us:   / timtomkowiak     / tim_tomkowiak   NMLS: 1866731 | Company NMLS 129386 #fixandflip #bridgeloans #dscrloans #propertyinvesting