The appraisal came in at $245K, but they are only loaning me 70% of the ARV.

They close hundreds of loans a month and charge you for any hold up on their end.

Want to get a loan for $250k in AZ

You can bypass the longer seasoning requirement with a debt service loan. 

For BPCON2025 inquiries, please email [email protected] in December 2024.♣ See you in Vegas!

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

If you plan on holding, it's then a much easier task to roll it into a DSCR loan.

Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.

I am hoping to make connections to learn more about this market, which neighborhoods to focus on, as well as learn some pro tips as I begin my investing journey.To note, I have begun the loan pre-approval process and have a dedicated agent that is eager to find me a great property. 

@Kyle Trotman If you purchased with a hard money loan conventional lenders will require extensive seasoning to utilize the new appraised value for cash out.