Their rates are good but boy, they looked at my financials and ask some funny questions such as asking for proof that I could withdraw funds from my SEP IRA account, and that I need to provide documentation to verify that  this employer sponsored retirement account allows for funds to be withdrawn, or if withdrawals could only be made in connection with the borrowers employment termination, retirement or death etc. everyday they sent me something new to answer.

Hey @Patrick Braswell  You shouldn't have any issues getting a DSCR loan as long as you have at least 1 borrower who owns 20 to 25% of the property, or if a couple of you can get to that level combined. 

Borrowing against securities is a high risk proposition.

I borrowed more money and built a new detail shop; no more crummy landlord!

Borrower has the 3% loan in place for the duration, and 14% investor can be paid off with increased rent in say 18 months.  

I continue making the underlying mortgage payment myself (autopay) and get reimbursed from the borrowers payment.

Financing a Multifamily (5+ units) project for a 0 experience borrower will be just about impossible to find. 

I agree with others have said, if they can make 24% return, why wouldn't they just borrow at a hard money rate and just make the 24% themselves.

Your IRA can borrow, but you have to be careful to not personally guarantee it.

De nada 😎I don't know that market at all (FYI, I don't see this is other Midwest markets where my CFO clients buy properties), but I suspect it's related to perhaps the international investors that agent may work with...they are often cash buyers as it's very difficult to borrow here if you're not a U.S. citizen.