Credit requirements may be the same but the. income requirement is different.If you invest in single-family homes for rentals, once you have built up your portfolio and have your positive cash-flowing assets maybe a % of the portfolio can be set aside for below-market rents.My opinion- You have to make $ first so that you are in the position to give back.

Many options only require a soft credit pull, and depending on factors like location, experience, and credit score, lenders can offer leverage of 85-90% of the purchase price plus 100% of the rehab funds.

Dumping the equity so that I could get into a better deal feels like a better option.

A little aggressive and direct but to be honest totally accurate - first step here especially since you are in a refinance position is to get it rented and then challenge the market rent numbers

We like to provide owners with different options for updating/renovating so that they can stay within an investors budget.

Working with brokers can be a great option.

Hi Gabriel..I've been in and around loans since 2003..we work closely with our lending partner that actually can provide HELOC or fixed second loan using a variety of income including bank statements..I think you can go up to 80%-85% on a primary using bank statement on a second lien position.

Those same restrictions can have positive long term investment trends by creating a higher barrier to entry for new investors, and theoretically greater return or demand for those that are operating.

@Jose Alejandro Hernandez I frequently work with investors in your same situation, their home markets just don't offer any great options, comparatively.

Most but not all lenders give you the option of getting the current, market interest rate if rates drop after you lock.