Unfortunately I have only been at my current w2 job for 1 year and I’m hoping this won’t prevent me from securing a loan in the next several months.

Looking for possible loan options for repairs

We are currently using a smaller local bank, and they have a loan limit.

There are closing costs, loan origination fees and Homeowner's Insurance to add into the number, You will get better detail from whomever is lending the money.

While private money isn't highly regulated at the federal level, there are subtle nuances to be aware of in each state that may trigger your loan becoming a security and then the SEC would have regulations to consider.

The current owner has 27 years and $247,600 remaining on their loan at 2.875%.

What's the going rate for 30 year fixed DSCR (loan amount approx $150k)  Good credit and enough experience investing. 

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Does the IRS care about the type of loan I'm using?