How hard is it for a person with high credit score but no income, retired to get a loan?

However, the market is currently crowded with cookie-cutter apartments, creating a lot of internal competition and pushing rental rates down.For short-term gains, I’d avoid preconstruction projects unless backed by bridge loans or completion guarantees, as many developers in Tulum have failed to deliver.

The important part of investing is the calculations of a deal, having capital, and a W2 job that will help you get loans.

I have done a couple of podcast episodes on DSCR loans.  

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

He states a loan amount of $60,000.

Typically loans for these multi-family is 25% down and up.

But you said you got a residential loan, so this property is 4 units or less. 

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

Plus that $75,000 is out of pocket, not financed in your loan.