Conventional Loan How did you add value to the deal?

Hi Joel, if a conventional refinance is not an option there may be a less than 1.00 ratio DSCR product that would work.

Unfortunately, it is not too uncommon whether with a DSCR loan or a conventional mortgage.

Purchase price: $98,000 Cash invested: $15,000 I purchased a duplex in Milwaukee as my first rental property, utilizing a conventional loan with an 8% fixed interest rate.

The difficulty here is that conventional lenders will not allow you to purchase a primary residence as a LLC, so that strategy usually only works when you purchase investment properties

We might be more willing to finance projects that banks consider too risky, such as fixer-uppers or properties in less conventional markets. 

I househacked a 3 family with a 5% down conventional product or a 3.5% FHA loan, improved the property, lived there a year and HELOC'd it before I went onto my next house hack.

Do they just build up enough equity to refinance into a conventional loan in 1 yr? 

Hi y'all, we are buying a 4 unit investment in Chicago for 430k, conventional loan with 30% down.

1) you have to live in peroperty to use VA loan  or  even a  FHA  or even a low down payment  conventional loan ...underwriters / lenders will need to have a make sense  file / reason to approve this  as they are  aware of the high amount ofoccupnacy  fraud thats happened recently   2)  managing your first  property as a 4 plex  from 3 hours away sounds  like a recipe fro a headache/ problem