They have some of the most extensive fees because this way they can charge you fees but low points.You can expect to pay about 1,500 in closing cost fees: Legal, processing, underwriting.To get in a good loan, you would need some experience in real estate flipping/holding preferably in Houston and be 100k liquid and have credit 700+.You fill those three needs and I can help you for sure.

I'll add some data:1) If you were calling the phone book (lowest converting list imaginable), you will find a potential homeseller by talking to 20-30 people.

DSCR loans are most impacted by the property's cash flow and your credit score. - Derek Brickley brought up a great point about Seasoning requirements.

A streamlined process for cost segregation studies: AI is able to help streamline the cost segregation reclassifications by analyzing and identifying property components into their appropriate useful life more efficiently than traditional methods.The ability to identify eligible tax credits: AI is able to sort through and analyze a vast amount of tax laws and regulations in order to attempt to identify potential tax credits available to the real estate investor.

You can hypothecate collateral from one person/entity for use by another person/entity, but you might want to borrow the money as a home equity loan (fixed payments and term...one time funding) or a home equity line of credit (HELOC).

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

The tenant is responsible but in most cases the tenant has bad credit and already has collections/judgments that they’re not paying and they often don’t work or work long enough to garnish wages, thus they’re judgment proof.  

Have you looked into using a local credit union for financing?

We have decent credit, plenty of ambition, and really don't like our day jobs, but we don't have the cash to get us started.

I am at the point where I am going to call my credit card and file a claim.