Your loan amount will be based on the lower of the purchase price and appraised value. 

Running your numbers based off a short term rental or medium term rental rate is going to get you in trouble.

So lets say the property is valued at 200,000 could a brand new LLC borrow 150,000 to 160,000 to purchase an investment property where the rent would be 1400 to 1500/month.Or since I own the LLC is it strictly based on my ability to get financed?

I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.

For my real estate investor friends, we have always underwritten our deals based on the deal cash flowing under current market conditions and not speculating on needing to refinance when rates are lower.

Is there anyone who has 15 mins for a phone call/Zoom as a sanity check on this final offer?

Hi Steve,You could put a second position loan on it - like a HELOAN but this will be based off of income/tax returns.

A solid base of steady income with a low return and exciting, headache filled days with sellers, contractors and buyers to make a little extra cash.

Hi Inga, You may refinance based on the ARV with a DSCR loan, with no seasoning period. 

Other than a LOT of phone calls asking on such.