HELOCS do exist for rental properties but you are usually capped at 65-70ltv and these will most likely require a full underwrite that takes into consideration taxes, income, dti and all the normal quasi-associated red tape.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.

Rooting for you and your continued success as well!

Most of the time it's a scenario where they take a photo (And mark it with a red box in the actual report) of a quarter sized hole on the siding of the house and make a request like "Structural engineer needed for further inspection" lol.

Now, even though the red tape has lessened and selling might be feasible, the current high interest rates could make it difficult to find buyers willing to invest at a price that reflects the property’s true value.

So things that are a red flag for me may be fine for someone more aggressive.

Are you aware of any pitfalls or "red flags" an investor should be aware of that might prevent qualifying for a conventional in this scenario?

We'll typically pay $25-50 each time we have to schedule a group viewing or inspection, delivered as an e-certificate from either Longhorn Steakhouse, Red Lobster, or Amazon.Works like a charm!

With all of the changes in Florida Insurance, I am looking for some guidance on who to use and who to avoid for new policy coverage.  Property is located in Okeechobee County. I would appreciate hearing from Real Esta...

It can take 20 years to develop with all the red tape.