How to find a private lender and what percentage makes it work

[Duane A. Snow]

Here I go int jumping into the game of Landlord or maybe airbnb owner. I am quitting the 8 to 5 and concentrating on this. I was a property manager for a decent company and want to do my own thing. May even take care of personal homes for those seasonal owners on the lake. But, getting back to me. I would like to find a private lender that ma take rental price into situation but we do have access to $150000 from home equity. With lower credit score myself because I did not do credit much it is hard for a bank to see if they want to take me on. I can get a VA loan but again my debt to income with being on this house with my girlfriend and new car is making it hard for banks. Please help. I want this for my family.

[Chris Seveney]

Quote from @Duane A. Snow:

Here I go int jumping into the game of Landlord or maybe airbnb owner. I am quitting the 8 to 5 and concentrating on this. I was a property manager for a decent company and want to do my own thing. May even take care of personal homes for those seasonal owners on the lake. But, getting back to me. I would like to find a private lender that ma take rental price into situation but we do have access to $150000 from home equity. With lower credit score myself because I did not do credit much it is hard for a bank to see if they want to take me on. I can get a VA loan but again my debt to income with being on this house with my girlfriend and new car is making it hard for banks. Please help. I want this for my family.

Quitting your 8-5 is worst thing you can do if you are looking for private money. People will still want to see income and net worth on your PFS. You mention you also have a low credit score, between that and no income you will have a very hard time getting a loan, you could look at DSCR but that is getting more difficult as well.