Episode 285: Diving into DSCR with Eric Workman of Renovo Financial
How is DSCR calculated, and how does it affect investors' ability to borrow?
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Guest: Eric Workman, Renovo Financial
Link: Build Your Team | Straight Up Chicago Investor Podcast
0:00:00 - 0:00:36
Introduction and welcome
0:00:37 - 0:01:46
What is DSCR?
0:01:47
Calculation for one to four unit properties
0:03:07
Calculation for two to four unit properties
0:05:13
Calculation for five plus unit properties
0:07:21
Calculation of debt coverage for five plus unit properties
0:07:41
Introduction to DSCR and debt service numbers for loans
0:08:04
Different DSCR rates for amortizing loans and interest-only loans
0:08:28
DSCR calculation for small portfolios (under ten properties)
0:09:04
Accounting for projected rent increases or renovations
0:09:52
Workaround for low in-place rents when purchasing a property
0:10:36
Growing demand for DSCR loans in the investor market
0:12:53
Reasons for the increased use of DSCR by conventional lenders
0:13:28
Question: When did construction on the Naperville Riverwalk start?
0:14:01
Answer: Construction on the Naperville Riverwalk started in 1981
0:14:05
You guys made your choice.
0:14:06
Could have talked me out of 99 for sure.
0:14:10
If that was the right way in 99.
0:14:11
I've never liked Craig.
0:14:14
Craig can play again, just needs to buy one more piece.
0:14:19
We're going to put your name back in the hat.
0:14:25
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25 мар 2024
