DSCR Loans: No Income to Qualify, But Worth It? (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 25 July 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another Rookie Reply, where Ashley and Tony answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: Should you house hack in a high-cost-of-living area, or invest remotely to start your real estate journey? What exit strategies make sense when your flip project starts to drain your resources? Are DSCR loans a good option for first-time investors or too risky? Looking to invest? Need answers? Ask your question here! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-592 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Should you house hack in a high cost of living city?
0:03.4	Do you flip or hold when your project goes sideways?
0:07.2	And are there some loans that are simply too risky for beginners?
0:11.7	Today we're tackling real life investing dilemmas, breaking down exactly what works, what doesn't,
0:16.6	and how to sidestep costly mistakes so you can make smarter decisions right now.
0:26.3	This is the Real Estate Rookie Podcast. I'm Ashley Care.
0:30.2	And I'm Tony J. Robinson. And with that, let's get into today's first question. So our first
0:35.2	question today comes from Steve. Steve says, I'm new to real estate investing and bigger pockets, and I'm debating my first question. So our first question today comes from Steve. Steve says, I'm new to real
0:38.3	estate investing and bigger pockets and I'm debating my first move. So here's my background. I'm 30
0:43.5	single, no kids, no property, high income, fully remote worker. I have $300,000 to allocate
0:51.5	towards real estate plus about another 100K a year after taxes.
0:55.5	First, let me pause and say, Steve, congratulations.
0:57.2	What an amazing position to be in.
0:58.8	This seems like the dream bachelor.
1:01.9	Come on, ladies.
1:03.6	Single.
1:04.8	No kids.
1:06.2	Remote worker can travel with you wherever.
1:09.0	Wants to invest in one.
1:10.3	There you go.
1:10.9	Well, we'll bring Steve on for a special episode of the rookie bachelor.
1:15.6	But back to his question, he says he's currently renting in NYC, but planning to move
	...

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