Always ask about the loan process and what to expect, as some lenders can operate differently than others.

You could borrow up to usually 50k for mortgage loan.

She estimated we could loan up to 500K on a mortgage with 5% down at a 6.8% interest rate. 

Hi Hoa,Given the loan amount is less than 100k, HELOC is a more suitable option unless you need more capital.

A 4plex can be done with conventional mortgage, but anything above that will be a commercial loan. 

Hi Andrew,We've been wanting to develop our backyard for some time, and are looking for partners to supply the gap funding on a construction loan.

Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.

If you are looking to tap into equity of an existing rental property, your best bet is either cash out refi using DSCR loan or 2nd equity loan.

Is there an easy way to go about that and what is a reasonable amount to ask back on a 30 or 60 day loan?

Just a standard conventional loan?