Pick a single business bank account and start running all your income through that account. c) >24 months, Fannie opens up (typically) once that 2nd year of tax returns is filed and processed by the IRS.If you do a or b with the plan to refinance once you hit c, make sure there is no early payoff penalty.

Anthony,Banks don't like to do HELOC on a non owner occupied property.

In terms of loan packages, I know there are banks giving 10% down, with no PMI.

Would someone be able to explain to me FHA requirements on Multi Units?

Local Bank How did you add value to the deal?

Can you explain more on what your process was?

I am in search of my first deal and I am looking to borrow money from the bank of Mom and Dad for the down payment.

Could someone explain depreciation recapture to me?

Also, bank on those taxes, sewer bill, and water bill going up substantially every year in the city; City Hall sees landlords as little ATMs for them to pillage.

Sorry upfront for being blunt...But, if someone will lend money to someone else with no experience or track record at rates near or below a bank it's 99.9999% a scam.