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 interestonly 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 inplace 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
Go to straight Chicago investor.com, go to the merch store.


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