2nd home loan How did you add value to the deal?

Just curious if anyone has used All Loans Funding for DSCR loans?

We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.

you can use a DSCR loan if your DTI is too high for conventional. 

The key would be making sure to talk to a local banker that can do CRE loans for owner occupied properties as not all banks do them.

There's no current loan on it right now.

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

If someone has a 2.5% loan they ain’t gonna move get less house just to pay more in interest.

I would include servicing costs of the loan and licensing costs.

You should have a chat with your accountant, if you had a loan on the property, you may need to buy a property for more than the cash you received to defer 100% of the gain.Best of luck