How to buy non-primary residence single family homes @ 100% LTV

[Account Closed]

I am a beginner in real estate and looking to scale a portfolio as fast as possible. How do I buy single family homes that I will not reside in for 100% LTV or anything close to that? I have heard of folks getting 95% or 100% LTV for non owner occupied houses. Where are they doing this at? I know that all banks even most community level banks (I have spoken to most in my region already) will not offer this type of financing due to the fact they have to abide by Fannie/Freddie lending standards. Are there any credit unions that will allow for this or other lending institutions that do not need to follow the Fannie/Freddie lending guidelines? I have created various financial models looking at renting or lease optioning properties that have 100% LTV debt against them and they are still very cash flow positive I just need financing.

Again I am looking to utilize these for NON owner occupied single family housing. I already have access to 100% LTV on an owner occupied single family. Any advice would be appreciated!

[Marsha Rost]

@Bruce Wayne

Maybe what you're thinking of is people who renovate and add value and then refinance to get 100% of their invested cash back. For example if purchase price plus renovation and holding/closing costs add up to 80k and the property is appraised at 100k then after refinancing with 20% down you get 80k back then you have 100% of your invested capital back. Not necessarily 100% LTV.