DSCR Loan with 20% Downpayment How did you add value to the deal?

You could simply offer them a small cash equivalent for the “interest” when you return their security deposit…rather than bothering to open an interest-bearing account, if you’re worried about it.

Focus on driving for dollars during free time, and set up automated mail campaigns to keep leads flowing.

If the cosigner is not contributing funds but is just helping secure the loan, whats a fair way to compensate them?

These are the key to getting a loan.  

Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.

Some lenders do a periodic search of ownership records of all properties in their loan portfolio.  

Last minute they changed the deal to a mortgagee loan and cut the SOW from $65,000 to $40,000.

It’s like you bought the properties with a 30 year loan and are putting the rest in to a savings account.

Conventional loan How did you add value to the deal?