I welcome any insights and guidance from this forum of experts as I take this bold move towards an ultimate financial freedom.

I was able to get approved for the loan What was the outcome?

But in the competitive Los Angeles market, I had to put up additional cash on top of the deal in order to have my loan taken seriously.

I currently have a SFH which is under VA home loan which I got for $281,500 in California.

We want to use a FHA loan to purchase the property.

I have four properties and three are with my VA loan.

That's the kind of talk you'll hear from every get-rich-quick guru on the planet, kind of like "7-Minute Abs" or Hydroxycut weight-loss pills.Just look at what he promises: you don't need to use your own money, you don't need to inspect the properties, you'll spend very little time on the deal, you aren't personally liable for the loans and debt, you'll work less and earn more...This can all be true if you know what you are doing.

I looked at their fees and thought OK I would pay more for a hard money loan anyway and could use the help to get funding. here I am with a bunch of crappy consumer credit cards flying out to a house I don't even live at.

We're certainly seeing a very high demand on the investor side for loans in the area.

Plus, DSCR lenders will underwrite based on the assets' ability to cash flow rather than your personal financial situation.Typical Terms:30-Year Fixed Rate7.25 - 8.25%