As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Ian Cook of CarpeDiem MD is talking about DSCR loans: what they are, what the upsides are, what the downsides are & more! He explains that the main benefit of a DSCR loan is that underwriting is NOT based on your personal income covering the debt. Worth learning about if you ask me!
Daniel Shin of the Darwinian Doctor gives us some updates on his vacation home in Palm Springs and his seven unit apartment building in Indianapolis! Being a real estate investor isn’t just all fun and games, so it’s always nice to see and hear updates (both good and bad) to get a realistic look into what real estate investing really is.
Recently, I was asked to be on a podcast called The Premed Scene. They were running a Money Management special for their podcast which was when they interviewed me. So, I want to share my top 5 money management tips with you:
- Minimize debt;
- Start learning about personal finance philosophy;
- Avoid investing gimmicks;
- Build a budget; and
- Pick the right specialty.