State guides
Silt's grid is national, but transfer taxes, closing custom, insurance markets and reassessment all move PITIA — and therefore the ratio. This course explains why, then walks the five states the desk publishes guides for.
6 LESSONS · 36 MIN · 0/6 DONE
- 9.1
1. Why the state changes the deal
Silt's grid is national, but transfer taxes, closing custom, insurance markets, reassessment and landlord-tenant law all move through PITIA and change what the same rent will support.
8 MIN
- 9.2
2. Pennsylvania
What changes on a Pennsylvania DSCR loan: realty transfer tax split between state and municipality, base-year county assessments, and judicial foreclosure.
6 MIN · REFERENCE PAGE
- 9.3
3. Tennessee
What changes on a Tennessee DSCR loan: a recordation tax on the loan itself, non-judicial foreclosure, low property taxes and Nashville's short-term rental permit regime.
5 MIN · REFERENCE PAGE
- 9.4
4. Texas
What changes on a Texas DSCR loan: no state transfer tax, fast non-judicial foreclosure, high property tax rates and coastal windstorm insurance.
6 MIN · REFERENCE PAGE
- 9.5
5. Florida
What changes on a Florida DSCR loan: documentary stamp tax on the deed and the note, intangible tax on the mortgage, insurance underwriting, and the 10% non-homestead assessment cap.
6 MIN · REFERENCE PAGE
- 9.6
6. New Jersey
What changes on a New Jersey DSCR loan: the seller-paid realty transfer fee and the >$1M supplemental fee, attorney review, the heaviest property tax load in the country, and judicial foreclosure.
5 MIN · REFERENCE PAGE
Request a state guide
Five states are written up. Tell us which one you're buying in and we'll write that guide next and send it to you.