You or both owners will probably have to give personal warranty and some lenders will pull your personal credit score while some won’t.As commercial loans are usually kept in house by the lender, each lender has its own requirement and you will have to shop around to find the lender that will match your need.

If you connect and PM me, I can share my document.Who's leaving and who's stayingDeparting tenant turns in keys and gives up all rights and responsibilitiesRemaining tenants take full responsibility for rent and the condition of the rentalSecurity deposit remains in place with you.

Good Morning BIGGERPOCKETS FAMILY:QUESTION: I am interested for a property that Asking price its 135k , 3 days inspection period and 3-5 k escrow deposit  ; i need to made this deposit  in 2 -3 days , my question its THE SELLER are asking FOR A PROOF OF FUNDS, that i need to got from a private lender or hard money or conventional loan , in this time the seller will be receive all the offers and just select one ; THE best OFFER FOR him; how i compete to be the first to secure the property????

Someone with minimal credit where you give them 2 years to build there credit..example, $2500 deposit, $1500 rent where $1000 goes toward the house and $500 to you!

I filled out the ACH Form and thought I would get direct deposit but I received a check on yesterday (7/26/2021) Once your status says "Payment Being Processed"  that mean you are in the last stage.

I filled out the ACH Form and thought I would get direct deposit but I received a check on yesterday (7/26/2021) Once your status says "Payment Being Processed"  that mean you are in the last stage.

Some advise I was given was that the back is going to require me to have money in reserves which would probably match my down payment.

They paid the deposit and a pro rated amount for moving in early no problem.

You decide when rent payments start.Be sure to get paid rent prior to move in.ALWAYS get paid with GOOD FUNDS for the deposit and first months rent.

Did he transfer any security deposits and last months rent (or sign off that there are none) That all could come into play if it gets to court.Did you send letters to the tenants stating you are now the owner and rent should be paid to you etc?