Non conventional just means the loan will not be sold to Fannie/Freddie so they do not have to follow those rules.

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

"District South was financed with a fixed interest rate construction loan from our partners at First Financial Bank NA.

I have been helping investor close deals literally with less than $10,000 out of pocket using 100% Purchase/100% Rehab hard money loans to do BRRRRs.

Sell your car and get a loan on a new car.

I'm feeling most drawn to a buy and hold rental investing strategy and like the idea of the BRRRR strategy in tandem with VA loans, basically refinancing VA loan backed mortgages to conventional loans once there is 20% equity in the home.

It looks like "Good Egg" is simply an Entity that collates funds, and then invests those funds on your behalf with the actual sponsors/general partners that actually purchase the properties, get the loans, manage the properties and distribute the funds.

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

If you have a loan, you may wish to look into due-on-transfer clauses.

It allows you to take advantage of a low down payment loan.