If everything is above board and can be pretty well documented its likely workable for at least us (but I'd imagine same with a good amount of DSCR Lenders)

Hey guys i need you help here and i need some of your experience pls...I'm on contract of my first brrrr with hard money loanAnd i want to know thatcif i change the roof now and fixing the crowl space That will cost me to do both of the things around 20k I running the numbers and i can get the arv that i need buy my question when the aprizel coming after we finish to renovation the house with this to major fixing issues that he coulcaite with this 2 major fixing to his numbers for the arv or not ?

My husband and I are looking to purchase our first home and we are very interested in finding a house we can live in for at least 3-5 years and gain a significant amount of equity.

Many individuals underestimate the amount of involvement this type of investment requires.

do they then offer a  large  HELOC for the  full amount  ?   

I am hopeful I could under bid and get it at a good deal.I would like to put an offer in, but I don't have enough cash to pay the full amount at auction.

Regardless, it is a rare large city where it is initially cheaper to purchase.However, most people use fixed financing so this will not increase.  

I helped a lady purchase her first home, and every house we saw that needed some work she would respond, "Mike can fix that" (her boyfriend).

Depending on how big this unit is, I would probably bite the bullet and pay for the relocation, then add a washer/dryer and raise the rent by some amount to cover the cost.

I love that the rate is fixed for 10 years, but the PPP is only 3 - best of both worlds, if you are that Texan: if rates go up, you're protected for a decade, but if rates go down you can refi penalty-free after only 3 years.Credit Union - This is a Washington State credit union, coming in strong with that 30 year amortization producing a lower payment.