If You Don't KNOW..Now ya KNOW! Real Estate Investing

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The speaker is in debt of 25 million dollars and needs to be approved for loans to cover it. However, they do not make several million dollars a year, which is what people assume they make to be approved for such loans. To get financed at banks, the speaker uses a dscr loan or debt service coverage ratio. This type of loan takes into account the speaker's credit score, the income or rent that the property brings in, and the equity that they have in the deal, rather than their income. The speaker suggests that dscr loans can be obtained at small local banks by talking to their commercial lending division.

The speaker is in debt of 25 million dollars and needs to be approved for loans to cover it. However