this was a regular conventional loan.

The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

From my understanding it might have to be a personal loan, which is very expensive. 

Lenders are seeing near a .50 basis point improvement in multi-family and mixed use loans this week. 

DSCR loans are really not ideal for first time investors.

My wife and I currently own one property in Cbus, and finalizing our second single fam prop at the moment.

I can some up Western Wealth Capitals financial problems with Three words:  "Variable Rate Loans"!

There is no need to pay for gas and pay it off... it's mostly myths that people have come up with over time.If you have a zero score it's because you do not have any credit or the credit that you do have is less than 6 months old... more likely is less than 90 days old.Now, if your intent is to get approved for a mortgage and all you have is one prepaid credit card you are not putting yourself in the best position to secure a loan approval.I usually recommend 5 Tradlines or 5 separate accounts reporting to your credit.The best place to start, even before starting to get credit cards, is by going on the app store on your phone and searching "Build Credit" .

Finally, other tax deferral strategies prevent you from getting immediate cash, and your stated goal was to get cash for a down payment.Either this firm does not understand what you're hoping to accomplish or they are not being straightforward with their promises to you.

I don't believe you can buy a house in an LLC with a VA loan.