The people doing subject-to are quite sophisticated and typically have quite the platform.

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?

While these vendors are typically reputable and skilled, you might not get the best price compared to shopping around directly.

@Augusta Owens here's some copy & paste info you won't find in a book:)-----------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I’m sorting out best options for a house that my husband bought in 2008 which has been a rental for years now.  

Current HELOC rates are typically 8-10% depending on your credit and lender, though some banks offer promotional rates.

It'll be easier to start with a turn-key property, but if you have a good contracting team, a value add will typically offer better returns. 

If the state matters, I'm interested in Connecticut@Matt WanThe key to understanding being “in person” is that you can be “in person” anywhere there is a notary or other person who can certify your signature… typically.