Did you use a hard money loan for this? 

The current lender refuses to do a loan assumption. 

This is a personal choice and depends largely on your risk tolerance level and the current demand for rentals in your area.Vehicle Repossessions: Having a vehicle repossessed is strong indication that a tenant cannot handle their money very well.

I see why folks are asking this company says they do 100% loans for purchase and rehab with a whopping 620 fico..

Mfh is an unfair game because you need a partner to help you with the experience question when getting a commercial loan.

I do not have any loans through Flagstar Bank, but I would talk to them prior to moving it into the LLC.

Personal loan for renovations How did you add value to the deal?

Hey Alex, There are foreign national DSCR loan programs available for your scenario: Below are the list of requirements I have found most lenders have : 1.

In addition to conventional loans and FHA loans, if either you or your wife are veterans, the VA also has a rehab program.I'd be happy to discuss my rehab experience both as an investor and as a mortgage broker, and at least help you think through your options. 

Here in the USA you need what's called a "construction loan" and it's also very hard to find a company that will insure you if you're a newbie.