What Is DSCR — and Why 1.2 Is the Line
Published on: 13/10/2026
DSCR is your property's income divided by its debt payments. Here's why lenders draw the line at 1.2 — and why operators underwrite above it, not at it.
Real estate, business, and execution
The Operator Standard
From the mind of Martin Perdomo. Plain-spoken notes on buying, financing and running real estate like a business.
A new post every Tuesday.
An Appraisal Is an Opinion. The Market Gives the Verdict.
Published on: 08/10/2026
An appraisal is an opinion. A failed listing is evidence. How lenders weigh appraised value against market price, and how to underwrite your exit.
How to Buy Multifamily When Interest Rates Are High
Published on: 06/10/2026
High rates don't stop multifamily deals — they change who wins them. How to buy on basis, structure the debt, and use seller fatigue as leverage.
My Tampa Value-Add Is Finished. It Isn't Stabilized.
Published on: 02/10/2026
A finished value-add isn't stabilized. It needs leased units and long-term debt. Why rising rates shrink DSCR refi proceeds on my Tampa asset.
From Martin
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