I am applying for a DSCR loan and am now a renter myself.

I also hear that HML does not loan this type of contract.

Purchase price: $310,000 Cash invested: $350,000 This was a full rehab 6 unit multifamily building.Our firm did everything from locating and acquiring the project, to managing construction, and then finished up by leasing out all 6 units for a premium rent.We used a construction loan to secure the property and do the rehab. 12 month term which we were able to do construction and lease out all units before taking out the original loan with a permanent commercial loan.

My understanding is I am supposed to get a home equity loan, basically I'm borrowing against my house?

Mid-Term rents do cause a little complication...but that's what DSCR loans are for.   

It's just my husband and I and we are finally narrowing down our niche to MHP's and long term RV parks.

are you pre-approved for a loan?  

So when you get a large expense like this, and because our health care system is….to put it politely, buggy, you need a loan, and these expenses become debt.

I'm a Navy Veteran and would like to use my VA loan to make my first home purchase sometime next year.

The final walk through gives you the opportunity to inspect the property before the official sale.