New Penn Financial offers financing that is outside of agency guidelines with competitive rates (not hard money).

Six months PITI would be a good guideline for reserves.

hello everyone, im new to this forum. sorry to start off with a problem, but this came up out of nowhere.i am investing in a rental property in las vegas. i went to chase for an investment loan with the title to be held in a llc. they said it was ok, as long as i put 25% down and have a personal guarantee. and a slightly higher rate.i went into contract with a property for 94,000. we did the apprasial, and waiting for the report. my loan officer said 2 weeks ago, everything is fine as long as the report doesnt come back less than 80,000.this week, she just called me, saying chase has just changed their guidelines, and cannot close with the entity own. and can only cancel the loan or change it to personal name.this is my first property, and i donot mind it being in my personal name, but then i would rather not pay a higher rate. the rate right now is 5.375% on a 30yr loan. any advise?

Since I do not know these people personally, will I be violating SEC (Securities and Exchange Commission) guidelines?

The 50% rule is a guideline and, in my opinion, you need to look at mitigating future expenses by addressing those things that are at the end of their useful life.

Typically, they will look at the "big picture" instead of strict freddie fannir guidelines.

Taxes are 6800.00My big hangup is coming up with 25% down as I am governed by the fannie mae stricter guidelines as I have 5 properties.

Do the underwriting guidelines vary based on the bank?

All of the same investor guidelines are going to apply, 25% equity, fico, DTI etc (assuming a conventional refi).Travis

Why not buy Older tax liens so you can file the tax deed applications IMMEDIATELY.As you are probably aware, each municipality has different guidelines.