[Copied from my post in "General Real Estate Investing"]FUNDING UPDATE:Hi everyone, thanks for keeping up with me and my undying drive to acquire this property (off-market value-add duplex in my market).I spoke with my lender and the idea came up of pulling a HELOC on my 3-Unit house hack (which I bought some significant equity in) and using that line of credit for the down payment of a DSCR loan.

Also any good tips to negotiate the price? 

Consider your credit score, debt-to-income ratio, savings for reserves, and mortgage eligibility. 6.

Before considering buying the unit you likely want an inspection of A/C units, roof, parking lot and everything else and try to negotiate a price reduction or credit from seller at closing to repair or replace the items.

Trying to understand the Net Profits Tax structure and filing and I have a few questions:1) My understanding is that out-of-state rental income is subject to NPT though a credit is applied for any taxes paid to another locality (state tax not included).

The biggest draws for investors are not needing to provide income docs (no W2, tax return, paystubs etc needed), DTI doesn’t matter, you can close in an LLC, and not all lenders report the debt to your personal credit (so it doesn’t affect your credit score or DTI for future conventional financing).

Hello,I have an applicant for my rental property that has a great credit score, but for the last 4 months I see a pattern of 5-10 enquiries per month  in their credit score.

Here is a tip for all of you trying to pull the cash off of the credit cards.Open a personal line of credit at the bankOr a HELOC-this is bestPut whatever amount you can/need on the line of credit or transfer the cash to your checking accountUse plastiq.comUse your new credit card on plastiq to mail a payment to the line of credit at your bankYou will pay the 2.5% feeYou will get 1% in rewards/cash backGreat deal

2nd mortgage 30 year fixed 2nd mortgage are more common to get than a line of credit 

They will be removed from your credit and you start all over again from property one.