In my experience, the local banks are going to get you better rates and lower fees with their commercial loan products than the "DSCR lenders".

Hi Duane, my firm offers a Premier-approval product and can fund multiple deals at a time. 

Hi Kristin, if you reached out to a lender about refinancing the property and they turned you away due to the loan amount, then it was most likely a DSCR loan product.

Feel free to share more about what you’re working on—I’d love to connect and collaborate.Wishing you a productive week ahead! 

The investors I work with find that builders are able to incentivise their product to keep it moving and do what they do best. 

The problem with vacancy is it assumes all products are the same, our 2 bedroom which is designed much better than our 3 bedroom and more thoroughly remodeled has lower vacancy.

Freddie has a reno loan product that can be used for investment properties; this is only for first position, though.For the Heloc - it goes back to whether your mom wants to continue carrying the loan for income, and if so, how will you pay off the heloc once the rehab is complete?

@Chase Calhoun - great looking product you have built.

Thanks for the mention Drew.. this post should get most of the Lender / brokers chiming in there are a ton of them on BP most brokering or whitelabeling the big lenders products like Kiavi or lima one etc etc. this would be a prime candidate for a capital partner . 

And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...