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DSCR Loans Explained: How Investors Buy with 15% Down w/ Philip Ganz
Description
Philip Ganz breaks down DSCR loans for real estate investors, including how to qualify with 15-20% down, LLC structure, and which states to target now.
In this episode of RealDealChat, Jack Hoss sits down with Philip Ganz, president of Next Wave Mortgage, to break down exactly how debt service coverage ratio loans work and why they are one of the most powerful tools in a real estate investor's financing toolkit.
Philip covers:
- How DSCR loans qualify based on the property's income, not your personal W-2
- Why 20% down is the sweet spot and when 15% makes sense
- How to hold investment properties inside an LLC from day one
- Why transferring a Fannie/Freddie loan into an LLC after closing violates the loan agreement
- The four states Philip guarantees will outperform for investors (Texas, Florida, North Carolina, South Carolina)
- The four states he predicts will lose population and investor returns
- Why affordability and population growth are the two most important data points before you buy
- How supply vs. demand math determines where prices go, and how Austin, Texas proved the model
- Why investors who "feel good" about a deal without checking the numbers are lying to themselves
- How Philip scaled by building support systems, not just adding salespeople
- Rapid fire: the lie investors tell themselves, the book advice that goes against the grain, and the Abraham Lincoln principle that saves time
If you are financing your next rental, scaling a portfolio, or trying to figure out which markets actually make sense right now, this episode is the playbook.
🔗 Connect with Philip: MakeFloridaYourHome.com
🔗 Build systems for your investing business: realdealcrew.com
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