The Showing with Katherine and Darin Persinger

The Showing with Katherine and Darin Persinger

By Katherine and Darin PersingerBusinessInvesting
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The Showing with Katherine and Darin Persinger episodes

  • This Mortgage Is A Great Way To Start Real Estate Investing

    DSCR Loans Explained: Qualify Rental Properties by Cash Flow (Not Your W-2)


    The episode explains DSCR (Debt Service Coverage Ratio) loans, an investor mortgage primarily used to buy rental properties where qualification is based on whether projected rent covers the full monthly payment (including taxes and insurance), rather than the borrower’s W-2s, 1099s, tax returns, or personal income. The hosts discuss how lenders rely on an appraiser’s rent estimate, why rental comps can be hard to verify (especially in Idaho due to limited MLS rental data), and how agents pre-screen deals by researching market rents. They cover down payment considerations, noting investors often need 20%+ and sometimes closer to 30% for numbers to work, plus higher DSCR interest rates but faster, simpler closings and potentially easier refinancing later. A real transaction example shows a rent shortfall, an appeal that raised the appraised rent, and options like increasing down payment or renegotiating price.

    DSCR loans allow you to qualify for rental properties using cash flow instead of your personal W-2 income. Learn how it works.

    Debt Service Coverage Ratio loans are designed for investors who want to finance rental property without submitting tax returns or pay stubs. This approach relies on the property's projected rent to cover the monthly payment, including taxes and insurance. We break down the math behind rent estimates and why lenders often require a down payment of 20% to 30% to ensure the numbers make sense for your portfolio.

    Beyond the qualification process, we explore the reality of market rents and appraisal challenges. Using a real transaction example, we show how to handle rent shortfalls and when to consider an appraisal appeal. Understanding these investor mortgage options helps you move faster and potentially simplify your refinancing later.

    Subscribe for weekly real estate investing breakdowns, and let us know in the comments if you have successfully used a DSCR loan for your latest acquisition.

    00:00 What Is DSCR
    00:42 Qualifying Without Income Docs
    01:52 Estimating Rent And Cash Flow
    03:23 Down Payment And Break Even Math
    05:04 Appraisal And Rent Schedule
    07:17 Why Investors Like DSCR
    08:39 Seller Pricing And Market Signals
    14:02 Offer Loan Types And Disclosures
    14:48 Real Deal DSCR Case Study
    19:39 Rates Speed Refi Pros Cons
    21:11 Owner Occupied Options ARMs
    25:40 Final Thoughts And Guardrails

    28 min
  • Why Homes Aren’t Selling (Even After Big Price Cuts)

    Why aren't homes selling, even after significant price reductions? In December 2021, we helped sell a townhome in Bothell, Washington, for $735,000. Nearly five years later, a comparable townhome in the same community was listed for $600,000. After multiple price reductions, it's now asking just $550,000, and it's still sitting on the market. That's a $185,000 difference. So where are the buyers? In this episode, we dig into what's really happening in today's housing market, why some sellers are struggling to attract offers, and why lowering the price doesn't always solve the problem. We discuss: - Why a home can be priced below its previous market value and still not sell - The difference between being **on the market** and being **in the market** - Why some real estate agents take overpriced listings - How competing listings affect home values, even within the same neighborhood - Why small, repeated price reductions can work against sellers - How sellers can create demand instead of waiting for buyers - Why buyers may need to rethink their must-have lists to find the best opportunities The housing market isn't the same everywhere. What's happening in Seattle or Bothell may be completely different from what's happening in Coeur d'Alene, Post Falls, or Spokane. But one thing holds true: **The price a seller wants and the price a buyer is willing to pay are two very different things.** Whether you're planning to sell your home, looking for a deal, or simply trying to understand today's real estate market, this conversation offers a look at what's happening beyond the headlines. **Connect with us:** https://www.persingergroup.com #HousingMarket #RealEstate #HomeSelling #HomePrices #SeattleRealEstate #NorthIdahoRealEstate

    30 min
  • Are Home Design Trends Making Houses Worse?

    Are designers really improving homes, or are some trends sacrificing function for looks? In this episode, Katherine and Darin talk about kitchen cabinets, open shelving, open-concept floor plans, ceiling height, natural light, and the home design choices that may look great online but feel very different once you actually live with them. They also discuss why homeowners should think beyond current trends, how design decisions can affect resale, and whether buyers have been trained to prefer certain features simply because they photograph well. Are open shelves practical? Are separate rooms making a comeback? And should you design for your lifestyle or the next buyer? Let us know which home design trend you would never put in your house.

    22 min
  • 037 Vanderpump Rules

    Arian Madix is suing Tom Sandoval over their shared Los Angeles home. With tensions running high and both parties still under the same roof nearly a year after their split, the stakes have never been higher.

    Maddox is hoping a judge will force Sandoval to sell, sparking a legal battle over the sale of the home they bought together in 2019. Court documents reveal Madix's plea for a partition by sale, aiming to split the proceeds and cover debts, legal fees, and more. But with Sandoval's reluctance to sell and his offer to buy Maddox out being rebuffed, the ex-couple finds themselves at a deadlock.

    We talk about the intricacies of their cohabitation, exploring why Sandoval wants to hold onto the home and Maddox's insistence on selling. Plus, get our take on the broader implications of buying property with a partner outside of marriage. From legal entanglements to emotional turmoil, this episode has it all.

    Join us as we dissect the real estate drama of the year, offering insights into how such a personal conflict became public and what it means for anyone considering joint homeownership. Don't miss this blend of celebrity gossip and real estate wisdom, where the lines between personal and property disputes blur.

    15 min
  • 036 Family Real Estate DRAMA Costs Them $100K?

    Welcome to REMAMP Episode 036, where real estate meets real life, and today's story is one for the books! 📚 In this episode, we dive deep into a real-life family real estate saga that resulted in a whopping $100,000 question mark. When generosity meets opportunity, the lines between family bonds and financial decisions blur, leading to unexpected outcomes and, yes, DRAMA. Join us as we explore the complexities of selling a home to a family member at a significant discount. What starts as a well-intentioned act of support unfolds into a tale of profit, loss, and the delicate dance of family dynamics versus financial wisdom. We'll dissect the decisions, the aftermath, and the lessons learned from a transaction that left everyone questioning: What's the real cost of mixing family and finance? 👨‍👩‍👧‍👦 Whether you're a homeowner, aspiring to buy your dream home, or thinking of selling, this episode is a must-watch. Real estate is more than just transactions; it's about the memories we create and the futures we build. But when money enters the family equation, things can get complicated. 💡 Learn from this cautionary tale on how to navigate family real estate deals with your eyes wide open. Plus, get expert insights on how to make real estate work for you—building wealth, securing your retirement, and making smart, informed decisions that keep family harmony intact.

    14 min
  • 035 When Is The Real Estate Market Crashing? 2 Interesting Graphs

    In this episode of Real Estate, Money, and Marriage, Katherine and Darin delve into two intriguing graphs that shed light on the state of the U.S. single-family housing market. They discuss the value of the market, equity, debt, and how these factors have evolved over the years, comparing past recessions to the current economic landscape.

    1. Analyzing the Value of U.S. Single Family Housing Market:

    • Examining equity and debt trends

    • Highlighting the housing bubble of 2008 and the subsequent crash that impacted homeowners significantly.

    2. Impact of Mortgage Originations by Credit Score:

    • Assessing the correlation between credit scores and the size of down payments made by homebuyers.

    • Understanding the shift in lending practices after the 2008 crash, with lenders being more conservative.

    • Emphasizing the importance of creditworthiness in determining the strength of homebuyers in today's market.

    3. Importance of Down Payments and Home Equity:

    • Exploring how the combination of appreciating home values and sizeable down payments has increased homeowners' equity.

    • Discussing the potential consequences of a market crash given the current strong equity position of homeowners.

    4. Advice for Potential Homebuyers:

    • Encouraging potential buyers to work on improving their credit scores to qualify for better mortgage terms.

    • Emphasizing the benefits of entering the market sooner rather than waiting for the perfect time, given the current housing market.

    5. The Future Outlook of the U.S. Single Family Housing Market:

    • Evaluating the likelihood of a market crash based on current data and trends.

    • Encouraging prospective homebuyers to consider the overall affordability of homeownership and not focus solely on market timing.

    • Reminding listeners of the long-term benefits of responsible homeownership and the potential challenges of waiting for a market downturn.

    22 min
  • 032 Real Estate Will Be Down

    The Mortgage Bankers Association expects that the total number of sales of existing homes will decline to 4.3 million.

    In this episode of Real Estate, Money & Marriage, Katherine and Darin discussed the drop in real estate sales this year and its impact on the market as a whole.

    13 min

About The Showing with Katherine and Darin Persinger

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The Showing with Katherine and Darin Persinger.