For contractors, it really depends on your situation.

The loan is the cost of doing business. 

It's not uncommon to see this, but not in the context of your situation.

I have a weird situation going on.Tenant has been here 2 years, current on rent but a total mess.

I’m going on the loan now.

primary residence loan

conventional investment property loan What was the outcome?

At this point I still have not received any additional quarterly payments and have no idea what is going on with any of the loans aside from a very infrequent and vague response form Scott like “one loan has made a few payments and we are working with legal to cancel the contracts on the rest.”

We used a commercial SBA loan with 10% down, but with my commission, working capital, and some Pandemic incentives, we were able to purchase this home with $2,000 down.

This might be a workable scenario for me.Lack of experience would not kill this deal for us but it would depend on a few things.Usually the biggest challenge for newer investors is in the amount of equity you have available to infuse into the project.You need to have a cash down payment to secure financing.With 25% Down you would be in a multiple financing offer situation where we're just fighting to get best deal possible and batting off Wholesale Account Execs left and right.