Both a cash out refi and a HELOAN have options to qualify you based on FICO and the income from the property - your income, employment and DTI are not factors in this case.

You gotta know what you have to play with and what you can get done and what type of finishes there will be.

If applicants don't meet these criteria, then we would typically allow them to use a US-based guarantor with an income of at least 80x the monthly rent.One more thing- Don't make exceptions based on personal stories!

You can also charge based upon tenant qualifications = chance of damages.

Are you Military and have to live off Base?

@Christine ShayThey want to make sure you are the legal owner of the property because there have been a lot of instances where people have been selling properties they do not own.

You came to the best possible place to grow your network and knowledge base before your first property.I'd recommend checking out local meetups, BP webinars, and BP books.

I am currently active duty military serving at Joint Base Pearl Harbor Hawaii.

Choose your plan based on your money goals, how much risk you can handle, looking into the market, and how long you plan to invest.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.