As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.

Did you pay with a credit card?  

Truly terrible experience.

I would also only do this if both properties have solid appreciation potential.If it was me, I’d consider trying to get a HELOC on the first property and use the funds for a flip or a BRRRR so I could pay back the line of credit within 6 months and then go do it again.

So thepointsguy calculator would suggest that you still use the credit card at 2.5%.  

The problem in analyzing is we have no idea what Thomas' personal FICO/credit history, assets, vesting type etc.. 

Focus on keeping upfront costs down and shop around for lower interest rates or lender credits.

We offer it at TFSB but it does require the basics like qualified credit score, DTI ratios - Must have W2 or (2 years of 1099 income) to qualify.

Hey Tyler, depending on your credit, the max LTV for the cash out will be 75-80%.

The reason being I have to build up my credit score before I can get approved for a loan.