Video Transcript:
Most people think fixing a house needs two loans. First a short one, then a second big one later. This old way creates unnecessary risk. I, David Ghazaryan, build a single loan for everything. It combines the house price and the money for repairs into one simple, long-term plan. The loan is not based on the home's price today. We calculate the loan based on its future fixed-up value, usually 75% of it. (Data may vary over time) This smart calculation is how we can fund your entire repair budget. If the numbers work, you can finance one hundred percent of the costs. We care about the house's future rent money, not your job's paycheck. The property must earn enough to cover its own monthly payment by itself. This structure changes everything for investors. For the full guide, visit my website or social platforms. See the links provided in the video’s description.
Read Blog Here: https://www.iqratemortgages.com/blog/dscr-renovation-loan-guide-for-texas-fixer-uppers
