The  portfolio stuff does not so they make the rules up as they go along, but those loans comprise less than 10% of all loans.

Neighborhoods in areas like Homewood and Hoover have been experiencing strong appreciation, and the rental market continues to be strong, especially with the growing number of young professionals and college students in the area.As a loan officer, I’m here to help you navigate the financing process, whether you’re looking for your first investment property or expanding your portfolio.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

Maybe a DSCR loan?

They are a dual military couple so will use their other VA loan for their next house.They are willing to let us assume their current loan.

1) an investor will pay the least for your house.2) An assumable loan will only help if you owe at least 8-%, preferably 90% or more if the sales price for an owner occupant who will pay the most. 3) it’s been a VERY slow winter.  

Maybe you help manage the property for them for a small %, or give sweat equity for small cosmetic renovations?

Now, of course, you also get some principial paydown, but that may pale in comparison to an equity loss, if things do soften.

Can do a DSCR or full doc loans but these will be long term rentals. 

That will be a big factor with regards to whether you can qualify for a DSCR loan or not.