Our LTV is less than 50% ( yes no risk at all for the bank, and we have top credit score.We already paid the appraisal, environment fee, wasted countless hours etc...The texts in LOI: Financial covenants:-- Min DCR based on actual rents for the first trust deed of 1.25:1.00 based on a 25 year amortization by the end of 2018.And in the loan doc---Property is to maintain a 1.25:1.00 Debt Service Coverage Ratio, tested annually.We would not have paid the fee and sign the LOI, had he included the phrase tested annually.Please understand that the loan  will be for 10 years long, and we are very confident that we will always have fund for the monthly mortgage payment.

Renovated house, repaired roof damage caused by a fallen tree limb, and repaired damage from previous owners.

Hi,Please share contact of lender who can do line of credit with 2nd lien position on my investment properties.

Hi,Please suggest good company who can do secured and unsecured line of credit.

Hi,Please suggest good company who can do secured and unsecured line of credit.

I have a motivated seller who said he doesn't care about his credit or a foreclosure he just wants some money in his pocket.

Possibly pay off some credit cards/student loan debt with any remainder.Cash-out refi and basically do the same thing (i.e. put substantial down payment on another property/pay off debt) .

Thank you for your reply..Coming in first time and having no experience in acquiring a real estate property, wouldnt the banks look down on me despite my excellent credit score?

They wouldn’t put a fire hazard in a 5 and 6 year olds class room where we live.According to your theory your tenants shouldn’t have a stove, hair or clothes dryer, or anything that could cause damage to your units it sounds like.

What you need is a national portfolio lender/credit union.