We want full control over the entire process - plus if they tenant doesn't pay, we will - you do NOT want to let the borrower's credit get dinged.

What would happen if after you buy a NPN, the borrower decides to file for bankruptcy?

In addition, the HML may have a different underwriting outlook on you using borrowed funds depending on what they look at in underwriting.

Go to your agent's broker, tell them you need a contract right now with a FSBO and she's out of town, he/she will assist or assign an agent to assist in her absence and to her credit.Another way is to just get a contract and get it signed, your seller can change their mind any moment, so it must be under contract.Then go to your bank, they should take it from there.

The downside is that it is hard to borrow within a SDIRA (or 401K) so it is also harder to get the advantage of leveraging things.Dan Dietz

The large banks aren’t making commercial loans unless the property and borrower are stellar.

I heard somewhere that if a borrower puts more down such as 5% the 4 unit cap is extended.

But if you can borrow more than you can refinance, I wouldn't do it just to do it.

I'd wear out the phone trying to find that alternative, or a straight 15-year fixed, which might be a real toughie.The 5-year FHLB borrowing rate (for banks) is currently about 2.1%.

Good morning Randy, Borrowing money and filing a mortgage is no problem.