DSCR Loans: The Shocking Truth About Qualifying Without Income—and Why It Could Make or Break Your Next Investment Deal
Ashley:
Okay, welcome back. So our next question comes from Chris. Hey BP community. My business partner and I are in the middle of a tough situation on a remote flip project in Decatur, Georgia. And we’re looking for advice from seasoned investors who’ve been through similar situations, we’re based in LA and open to creative or unconventional strategies. As long as they help preserve capital or minimize losses, we’d strongly refer to exit with at least a break even outcome or pivot to a hold strategy that preserves the capital and gives us another shot at resale in 2026 when market conditions might improve. Here’s our property overview, the purchase price, 198,000 in September of 2024. We financed it with a hard money loan of 248,000 and we have this extended until September 23rd, 2025. Our monthly holding costs are $2,800, all in costs with agent fees holding rehab. Saging overages were at 354,000.
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