DSCR Loans: The Shocking Truth About Qualifying Without Income—and Why It Could Make or Break Your Next Investment Deal
Ashley:
This seems like the dream Bachelor. Come on, lady needs single no kids. How come remote worker can travel with you wherever wants to invest. There
Tony:
You go. We’ll bring Steve on for a special episode of the Ricky Bachelor. But back to his question, he says he’s currently renting an NYC but planning to move back to Los Angeles, which is his hometown, potentially sometime soon, either in the next couple of months or within the next year, tired of paying rent and want to start building equity. So here’s the dilemma. Should he number one house hack at NYC stay a couple of more years here, but buy a small multifamily now and offset costs with the rental income? The concerns with those scenario in Wesley has super strict landlord laws. High purchase prices would means that he’s sign up a lot of capital and it could potentially be in a less desirable area and it would likely not cashflow at all. Definitely not good for when he leaves. Option number two is to house hack in Los Angeles, another high cost living area, but basically he would move back, get a small multi-unit and offset his mortgage with rental income.
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