It was great to get our heads in the game, and got us to move quicker to get a house (since we were basically forced to get a pre-approved loan in order to tour houses...).

Does anyone know anyone that does 5% for a vacation home loan? 

Ideally they did not pay over retail because if they did they could easily lose the money they put into the property if the loan gets called.  

So, I also require that :Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45%This is similar to how mortgage qualifications work by considering the applicants' debt loan along with their housing cost in relation to their income.

Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).

My Question is if i have a private investor loan me $70K for 5-7 years (his terms) at 12-15% (not compounded).

From a leaky roof to a backyard jungle, it was a crash course in problem-solving and patience.I bought it for $145,000, powered through the chaos with a hard money loan, and sold it for $180,000.

You could always get lucky and the bank may never call in your loan.

The advice I have received is that HELOC’s should be used for short term loans only with a definite plan to pay it off. 

Private mortgage insurance i believe is not charged on va loans.