it may be jurisdictional specific, but it would certainly limit the sources for providing credit reports.  

Sometimes, you need to be very specific and provide all the details to help them properly investigate.

Purchase price: $260,000 Cash invested: $120,000 Sale price: $535,000 Complete gut, new front and rear walls, all new electric, HVAC, plumbing, roof, deck, windows, interior What made you interested in investing in this type of deal?

Sounds like it could be a decent LTR situation, but you answered my concern on if a STR would really stay booked enough to justify a purchase.

Feel free to ask any more specific questions you have—there’s definitely a learning curve, but it can be a great tool in the right market and for the right property.Hope this helps, and welcome again!

Purchase price: $5,000,000 Cash invested: $1,450,000 Complete combination and gut of two lofts side by side resulting in a 4,000 square foot home.

Adding details and specifics can help get to the answer or direction you're looking for.

It's really important that you work with an experienced loan officer or broker, especially on a time sensitive purchase transaction.

Today, I used those proceeds to purchase a 5-unit commercial retail building without coming out of pocket at all.

I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR.