its hard to think if it was a normal 30 or 45 day rate lock lock that the process is taking that long to where you would need to extend. i was trying to catch up on previous responses, but it sounds like the cap at the 66% LTV was to keep the DSCR ratio's in line to keep the original terms the same. i do agree with a previous comment that 1.5 bps a day is very reasonable for extensions. most non-qm lenders will except an appraisal from another company and transfer it over. however most lenders (if they are sticking with the same company) will not usually allow a 2nd appraisal, so they might be sending elsewhere anyway. hope this helps

There are DSCR programs that will allow the use of a higher existing lease so long as you can show receipt of the rents for the last 3 months as well as a copy of the original deposit.

Originally posted by @Oliver Fisher:so your saying can't legally do a double close in denver with no cash of my own?

Originally posted by @Davey V.

Plenty of companies can do a AML check and you can make that cost as part of your origination process.As a FYI, we had someone fail a AML / KYC check because they were a former drug runner in a cartel.

Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.

Originally posted by @Krista Goodrich:It's good to see someone fighting for property owners rights in Volusia.I own some properties in Daytona Beach and the ROI is excellent compared to some of the larger cities in Florida.

Originally posted by @Cameron Davis:Hi Everyone, I was wondering if anyone has experience with using your rental property as a halfway house for companies such as “oxford house”.

Originally posted by @Jonathan Lane:@Jeff Copeland to make sure I am clear- you can offer and cash offer BUT you better make sure you have the funding to close the deal: I.e: HML, PML, or the actual cash?

Originally posted by @Mike Lambert:@Andres BernalLet us know how you're doing.