Hey all - had a question about multi-member loan borrowing:
I am looking to invest with 5 other investors (tenancy in common) with a conventional loan. This is for a short term rental. Eventually, we plan to transfer...

When I list my units in the spring months, I have so many applicants, it becomes challenging even responding to all the inquiries. 

While my credit is really good at around 790, I've been getting a lot of "factual data" inquiries lately from banks I have existing loans with, and I feel its starting to bring my score down.I'm looking for recommendations/help on a lender that will approve me for this heloc based on the info provided above, and give me 80-90% of appraisal, and not what I paid for the property, (a rehab) before I invested any money into it...

Is there a date set for 2022?

Cash is king.thank you and I understand what you're saying, but this is my situation. this is my third lender, and i'm sick of having my credit hit by hard inquiries. we need a place to live before i start working in stl right before christmas. this got me a closing three weeks before christmas. ive already got the HELOC, its drawn about $14,000. if you know a bank that would lend me $200K on $42k base pay W2 and close by 12/2, id be happy to talk to them. i'm just wondering if its better to use my HELOC for a bigger down payment to make my loan smaller, or not, as far as making monthly payments goes.

@Suduk N I would wait to find a more suitable tenant and/or lower the rental price.I recently had a turnover on the Southside of Chicago and after listing it on Zillow and rentlinx had over 75 inquiries within 3 days of posting.8 prospects came to view it and I eventually found a qualified candidate.The cost to wait for a qualified tenant is always less than the cost to evict an unqualified tenant.

I am looking into investing in states with better landlord protections & lower property taxes because these are my two biggest concerns right now with keeping this property.I am curious how these additional details sit with you both, thanks for taking the time to respond to my inquiry!

In practice, I wouldn't sweat this, people with multiple mortgages getting paid on time typically have FICOs in the high 700s low 800s no matter how many inquiries you throw at it.

the seller is selling the home for free. Needs it moved for new home. Looking for tips and advice. I'm new to mobile home investments but eager to get my foot in the door. I'm planning on moving it to a mobile home pa...

I track my prospective tenant inquiries on a spreadsheet and about 75% came from Craigslist and the rest from the physical sign outside of the property or Cozy's partner sites.