Walkthroughs

The desk is recording one screen-share per lesson: a real file, real numbers, and the reasoning behind each decision. Recordings are published here as they are finished — every lesson below is already written and readable today.

COURSE 1 — DSCR FUNDAMENTALS

1.1What is a DSCR loan?RECORDING IN PRODUCTION
1.2How DSCR is calculatedRECORDING IN PRODUCTION
1.3Who DSCR loans are forRECORDING IN PRODUCTION
1.4DSCR vs conventionalRECORDING IN PRODUCTION
1.5What a DSCR loan costsRECORDING IN PRODUCTION
1.6First-time investorsRECORDING IN PRODUCTION
1.6The eight documentsRECORDING IN PRODUCTION

COURSE 2 — QUALIFYING THE PROPERTY

2.1Which properties qualifyRECORDING IN PRODUCTION
2.2Lease vs market rentRECORDING IN PRODUCTION
2.3Taxes and insuranceRECORDING IN PRODUCTION
2.4Condos and HOAsRECORDING IN PRODUCTION
2.5DSCR below 1.0RECORDING IN PRODUCTION
2.6The appraisalRECORDING IN PRODUCTION

COURSE 3 — STRUCTURING THE LOAN

3.1Leverage and LTVRECORDING IN PRODUCTION
3.2Interest-onlyRECORDING IN PRODUCTION
3.3Points and buydownsRECORDING IN PRODUCTION
3.4Prepayment penaltiesRECORDING IN PRODUCTION
3.5Fixed vs ARMRECORDING IN PRODUCTION
3.6Reserves and cash to closeRECORDING IN PRODUCTION

COURSE 4 — ENTITIES AND GUARANTEES

4.1LLC and entity vestingRECORDING IN PRODUCTION
4.2Forming the entityRECORDING IN PRODUCTION
4.3The personal guarantyRECORDING IN PRODUCTION
4.4Multi-member LLCs & ownersRECORDING IN PRODUCTION
4.5Foreign national DSCRRECORDING IN PRODUCTION
4.6Trusts & transfersRECORDING IN PRODUCTION

COURSE 5 — REFINANCE PLAYBOOKS

5.1Rate-and-term vs cash-outRECORDING IN PRODUCTION
5.2Cash-out seasoningRECORDING IN PRODUCTION
5.3The BRRRR refinanceRECORDING IN PRODUCTION
5.4Refinancing out of hard moneyRECORDING IN PRODUCTION
5.5Use of proceedsRECORDING IN PRODUCTION
5.6When not to refinanceRECORDING IN PRODUCTION

COURSE 6 — SHORT-TERM RENTALS

6.1Airbnb incomeRECORDING IN PRODUCTION
6.2The 12-month rule and seasonalityRECORDING IN PRODUCTION
6.3Projections without historyRECORDING IN PRODUCTION
6.4Ordinances, permits and HOA bansRECORDING IN PRODUCTION
6.5Furnishings and managementRECORDING IN PRODUCTION
6.6Converting to STR mid-loanRECORDING IN PRODUCTION

COURSE 7 — PORTFOLIOS AND BLANKET LOANS

7.1Blanket vs individualRECORDING IN PRODUCTION
7.2Building the rent rollRECORDING IN PRODUCTION
7.3Release provisionsRECORDING IN PRODUCTION
7.4Aggregate DSCRRECORDING IN PRODUCTION
7.5Scaling past ten doorsRECORDING IN PRODUCTION
7.6Refinancing a portfolioRECORDING IN PRODUCTION

COURSE 8 — THE CLOSING PROCESS

8.1Application to fundingRECORDING IN PRODUCTION
8.2Term sheet vs commitment vs CTCRECORDING IN PRODUCTION
8.3The three long polesRECORDING IN PRODUCTION
8.4Clearing conditionsRECORDING IN PRODUCTION
8.5Closing dayRECORDING IN PRODUCTION
8.6How fast it closesRECORDING IN PRODUCTION

COURSE 9 — STATE GUIDES

9.1Why the state changes the dealRECORDING IN PRODUCTION
9.2PennsylvaniaRECORDING IN PRODUCTION
9.3TennesseeRECORDING IN PRODUCTION
9.4TexasRECORDING IN PRODUCTION
9.5FloridaRECORDING IN PRODUCTION
9.6New JerseyRECORDING IN PRODUCTION

COURSE 10 — USING HOME EQUITY

10.1Home equity as investor capitalRECORDING IN PRODUCTION
10.2HELOC vs cash-out refiRECORDING IN PRODUCTION
10.3HELOC on a rentalRECORDING IN PRODUCTION
10.4HELOC to buy a rentalRECORDING IN PRODUCTION
10.5Fixed-rate HELOCRECORDING IN PRODUCTION
10.6How fast a HELOC fundsRECORDING IN PRODUCTION
10.7HELOC requirementsRECORDING IN PRODUCTION
10.8HELOC fees and costsRECORDING IN PRODUCTION
10.9HELOC on a second homeRECORDING IN PRODUCTION
10.10What a HELOC is for an investorRECORDING IN PRODUCTION
10.11HELOC versus cash-outRECORDING IN PRODUCTION
10.12Using equity to buy the next rentalRECORDING IN PRODUCTION

Educational only — not a quote, not a commitment to lend, and not legal or tax advice.