A great local lender that specializes in VA Guarantee loans will be helpful too.

It was outright rejected and then a week later the sellers countered with $1.35MM and 6.5% seller financing.2023 rental income was about $90,000 but for 2024 summer only 4 weeks are currently booked for $25,000. 

I was a mortgage lender for many years, and developed a passion for real estate.

You can work with whomever you want to of course...but lots of other lenders just need $1 of income - meaning a 1.00 ratio.  

Since each lender will lend it's money slightly differently it's hard to speak for all 8,000 lenders in the US but the concept here is that it's more flexible but you pay for it in the rate/terms of the loan.Hope all of that makes sense.

Look for properties in areas with high demand for rental properties and consider the cost of any necessary repairs and upgrades.Financing Options: Distressed properties can be difficult to finance, so it's important to research your financing options such as hard money lenders.

Ideally you (the lender) would be a passive partner in the company, take a percentage of the net profit from each deal, and not be involved in the day to day operations.

However, I am struggling to figure out how to raise my credit rating to find a lender that would allow me to refinance the beach house so that I can pull out money to pay off credit card debt.  

Nothing yet Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Has anyone got approve by a lender without a 2 years work history and about 6 months of unemployment?