It's a special product.Regarding not having a standalone HELOC product, in 2022 during the heat of the low rate boom we did suspend our standalone product, and I can absolutely understand that wasn't ideal!

I provide huge value to them by delivering a product for their clients, and they provide huge value to me since I get more eyes into the property that I'm selling and am favored from an already built-in relationship and trust between the agent and buyer.

There's a common belief that properties can "fail" inspections or appraisals or they certain loan products can't be used on distressed properties.

The initial setup is a little pricy, but I feel they provide a good product Hey Rudy, have you used the service of Boostly?

Great write up, choose your poison, but different products are suited to different situations!

With a lower median income but active market conditions, focusing on value-driven renovations that enhance living quality without the high-end price tag could be most effective here.Veterans make up notable portions of the population in certain areas, such as in zip code 13206 where approximately 8.04% of the population are veterans.

DSCR Loans are going to be strictly business-purpose 1st lien loans - so something like this with a closed end second or HELOC is going to be a different product entirely.

As a non owner occupied property minimum down payments are:Conventional (single family) - 15%Conventional (multifamily 2-4 units) - 20%Non-QM (1-4 units) - 20%Certain Non-QM DSCR products allow the use of gifted funds for your down payment. 

I'm wondering what other types of creative financing or loan products might be available for my situation.

I ended up paying over $2000 as a start up business with no income and not even receiving a final product which could be utilized.