Credit union

I was able to get a 4%, interest only, no closing cost HELOC from my credit union.

I'm looking at this property at commerce city, colorado.  The home is in like c-class neighborhood, not much good schools nearby, more industrial area.  Doing the math I figured with a 4 bd home I could rent out each ...

I don't wish to include personal credit or income as a factor in getting financing.Any suggestions?

In addition, I would update the listing to mention that you're open to owner finance at a very reasonable terms such as 6-7% interest rate with 20% down payment, no credit no problem and hope that would spurn more interest.

I will take any tips, suggestions or advice for new investors! 

Remember all seller financed notes are purchased at a discount (depending upon the terms, buyer’s credit, etc.) .... so there must be enough profit to cover the spread.

Remember all seller financed notes are purchased at a discount (depending upon the terms, buyer’s credit, etc.) .... so there must be enough profit to cover the spread.

I just did a single family residence deal there earlier this year but it was a 1 unit so loan limits are 554,300 as opposed to yours which is $709,600 so it looks like your loan amount is below that which may help you get financing if you're considering a refinance.FHA allows a cash out to 85% of current market value so if you believe you're at 603,000 loan amount then you'd need a min appraisal of 709k or so to refinance this home into a conventional loan if you're trying to remove mortgage insurance.There are lines of credit to 89.90% or 90% of your homes value if you're interested in having access to your equity (if the property appraises high enough).To address your questions:1) If it appraises high enough yes you can remove monthly MI and you can use a line of credit 2nd to access your equity (this would be your best bet).

It gets folded in with a bunch of "Fannie - No Overlay" deals that include marginal credit, heavily leveraged real estate investors, down payment assistance, DTI that barely works, et cetera.