I will mention that I would be lending $50K-$100K and that there will be other lenders for a total of between 200-300K borrowed.

@Mark Enis I'll let the other experts chime in, but my understanding with a conventional mortgage, they don't want any part of the deal to be borrowed funds. 

I don't believe a DSCR lender would transfer the obligation to a new borrower but please correct me if I am wrong..In general, it will be be a full income verification or full documentation application with the current lender directly and no other mortgage professional would be involved.

How much were you looking to borrow against the property ? 

Jessica - Instead of focusing on the checking account I would focus on a bank that you would like to work with for loans, lines of credit, and other long-term borrowing needs.

Hi Dolev,How much of a line of credit would you need to borrow? 

Lenders typically originate the loans to investor specs using a warehouse line/line of credit (meaning borrowed money the lender is responsible for), then immediately (within 30 days) sell that loan to an investor.

Be sure to factor in the effect of Unrelated Business Taxable Income (UBTI) if you borrow money (non-recourse loans only) to purchase the property by the self-directed IRA. 

Hi James,We at Aslan do these types of mortgages, however there are some limitations for most lenders.For FHA, VA, and Conventional Energy Efficient Mortgages the property must be occupied as the borrower's primary residence, so they are not eligible for investment properties.

We have a few of these programs on our platform BUT my first question to borrowers who are seeking this is: what experience do you have?