I cant imagine any bank would lend to a brand new LLC and give a non-recourse loan.

If you can qualify for a $70,000 property, for example, then you know what price property to look for.And, once you're able to qualify, most banks will loan for multiple properties over time.

Better to build your own equity through the debt pay down, enjoy the tax benefits of ownership, and garner the equity of an appreciating asset.

Welcome to NYC and Welcome to BP I am sure you will enjoy both equally 

Yes I agree with you they are a big broker but what gave me a little caution was the stated programs as those programs were regulated and many banks lost their shirts doing stated programs and im not to sure they woukd get burt agsin, yet I see them on the product sheet..

I was pre approved for a mortgage about month ago and the bank quoted 4.625% on a 30 yr fixed.

You can bank on that.

I do enjoy the numbers behind investing.

So glad you guys enjoyed the event.

But you should be able to find a local bank, or other investor would would be willing to finance a stable property with equity at lower than HML but more than traditional rates.