Thank you very muchJaša This is how traditional banks, private credit funds and anyone in the lending space works.The challenge you will have is finding someone to give you money at X%. 

I am currently looking for a small local bank or credit union that issues lines of credit collateralized with investment property.

Look no further than the “0-70 units in six months” posts and the adulation they receive, when all they prove is that the person has access to credit.

For your first commercial deal, your best home is probably going to be with a local community bank or credit union. 

Their online payment system doesn't recognize non traditional banks (credit unions) so your hit with $27 fee to pay with debit or have to take time out of your schedule and go to a Western Union for a $3.95 fee.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

They are farily easy and do nto require much to get started and the Max LTV is going to be 75% but I have seen some exceptions to 80%.Rates are subject to a few thing like loan amount, property type, number of units, credit score and downpayment.DSCR allows you to purchase with No employment and No tax returns so its a little easier. 

Reason #1:  If you're not careful even a bad lawyer can get it turned into a purchase, with all of the rent credited to the purchase. 

Great credit scores and plenty of income from my W-2 source. 

Your credit will drop if you don't use credit.