Which means I will still need to finance about $400k for each property at about 9% rate (the rate is high because we'll using a commercial loan as we'll be purchasing the properties under an LLC).

Frank DiGiorgio with WeInsure is outstanding. 

Anyone know of any bank statement/ non qm loan programs available for purchasing a property in the Virgin Islands ??

Partnerships with people you don't fully know can get messy pretty quickly so in your scenario I would go to a local bank and get a construction loan.

Anything that you need a loan to operate/buy/grow.The Fed may be damned if you do, damned if you don’t….But What do the “Experts” Think?

it combines the advantages of owner occupancy, such as a lower down payment loan, with investing.

This makes getting a DSCR loan more difficult because of the under market rents. 

Hi everybody,My husband is military and we currently own our home in Knoxville (purchased for $450k, we owe about $300,000 with 2.6% interest on 15 year loan).

I would like to get a cash out fix&flip loan on my triplex.

I'm thinking 30 year amortization with 5-10 year loan with balloon at end of term at 5% interest.