The person you spoke with may be referencing earnest money deposit (buyer showing the seller they have skin in the game; this can be refundable or non refundable).Some lenders require an application fee (junk fee) and those lenders typically are more expensive to begin with.

If you just want 20yr 2MM non convertible term its price shopping except prices may change depending on how automated the carrier is and if a paramedical exam is required.  

To locate properties that meet your requirements, make connections with wholesalers, other investors, and real estate brokers.When investing in real estate, especially if you want to keep the properties as long-term rentals, positive cash flow is crucial.

Higher cash flow usually comes from properties that require more "hands-on" management due to the condition, location, and tenant base.

TD was not interested in doing a new HELOC because my portfolio is too big for their lending requirements (7 properties with primary, I thought the limit was 10, but evidently not).In any case, I am looking to either do a DSCR loan or if possible find another company that would do a HELOC on an investment property.I am wondering what lenders you are currently happy with on the DSCR side and if you know any that still give HELOCs on investments.Thank you so much! 

Lenders typically require a DSCR of at least 1.2 to 1.25, which means the property's NOI must be at least 120-125% of the annual loan payments.this would be a boost to the investing time

James - I am local to Ventura County and have helped multiple folks with VA Loan assumptions.I search the MLS for listings with FHA or VA loans.

BP is a great community, and there are tons of knowledgable folks on here to help you with any questions you might have. 

I referred a number of folks there that also got the same results.I think their PC's work great for Realtors, Dentists and other professionals.I have come to the conclusion that it has nothing to do with that company, but absentee owners and possibly some of the other niches just don't respond to that slick, beautiful glossy postcard.

If we did split it four ways it would be over an acre per slice and it does seem to meet all the requirements (such as minimum lot width and road frontage etc.) for its current zoning as a four parcel set up.