Real Estate Investing with Coach Carson #370: The Best Ways to Finance & Scale a Rental Portfolio (Even With No Job!)
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Nov 18, 2024 Bryan Maddox, a mortgage professional and real estate investor, shares invaluable insights into financing rental portfolios. He explains how conventional and DSCR loans can help bypass common lending barriers, especially for self-employed individuals. The discussion highlights creative financing strategies, and the advantages of using partnerships to enhance investment opportunities. Maddox emphasizes the importance of choosing the right loan type based on income variability, ensuring listeners are well-equipped to scale their real estate ventures.
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DSCR Loans for Non-W-2 Income
- Consider DSCR loans if self-employed or retired with non-W-2 income.
- These loans offer alternative documentation options for income verification.
DSCR vs. Conventional Loans
- DSCR loans focus on property income, not borrower's income, unlike conventional loans.
- This makes them ideal for investors with unconventional income streams or those nearing conventional loan limits.
Navigating DSCR Loan Drawbacks
- Be aware of DSCR loan drawbacks like prepayment penalties and varying lender guidelines.
- Consult a mortgage expert specializing in investor loans to navigate these complexities.
