Many years ago I was speaking at an IMN convention on a panel where the other three panelists had more than $1B of notes under management.

If you're looking for a non-conventional mortgage, Ideal Mortgage has been a staple for many of my clients who are buying a home on an FHA, PFHA, or USDA loan.

@Devin Peterson why would he only be limited to a debt service coverage loan if he could take out a conventional loan as an investment? 

Inventory seems to be moving pretty quickly once listed or are at least “pending” within a few days.

STR inventory in Pensacola exploded between 2020- and now which has driven down occupancy per unit and in some cases rates. 

If you can't qualify for a FNMA/FHLMC conventional investment property loan with a 30 YR fixed rate, look for a mortgage broker that will find you the best terms on a permanent DSCR based loan. 

The underwriting was done on the original borrowers  and conventional loans are not assumable.

Interest rates are a bit higher than conventional loans, but definitely worth looking into.  

FHA or Conventional?

Chicago real estate is moving quickly and it's honestly no surprise rents are too...with less inventory for sale that also means more people are forced to rent, which in my opinion would drive up the rent.