Author name: timothyhero

While it’s easy to pick a magical number that’s lower than the competition and sell the hell out of the product, it’s a little more complex than that. Lenders usually operate on the treasury rates. Typically speaking, the 5 and 10-year are the most common. They take that rate, then add their spread, and that’s

Since the DSCR space isn’t regulated like conventional loans, lenders (and brokers) can get away with some shady stuff, with oftentimes no consequences. For starters, how a DSCR lender markets. This is why I vet lenders carefully before marketing their product, although sometimes I too fall victim to the misconceptions. One thing about investors they

Many know my story of joining the industry in my late 20’s, while living in a basement of a strangers town home and feeding my two kids on food stamps. Well, through an insane amount of networking and marketing, to go along with referrals and always making sure I have the best terms, I broke

2022 Was a solid year, which consisted of 81 closings totaling $18.3 million. Inflation put a dent in the numbers in Q1, as I lost $11 million in deals due to the jump in rates. However, we measure success based on what you did, not what you could have done. For 2023, the goal isn’t

Being that DSCR loans are based on cash flow, it’s important to factor this into your process. Cash flow is determined by the DSCR ratio of the property. Often times, DSCR lenders require a DSCR ratio of 1.1 – 1.2. What this means is the rent needs to be 10-20% above the overall mortgage. Let’s

My journey is a wild one. I got my first job at 17, working at a water park in South Florida. I’d get off the bus after school and dip some fries. Between the ages of 17 and 26, I worked a total of 26 jobs. Of the 26, I quit 24 and was let