It is important that you are well aware of the lending environment when putting out offers and your ability as a borrower to be qualified.

The only thing banks asked me is if my DTI is low enough and if the equity in my house is high enough that I can borrow money in the first place.Banks are tricky sometimes, I would do what the guy above mentioned and make a lot of calls.

I have found the magic number in the property in question which allow me to basically just borrow the down payment from him.How would you set that up?

You are a out of state borrower, investment purchase and post covad-19 welcome to 25% down with your great credit and reserves.RegardsJoe Scorese

with a conventional loan. i borrowed $40k from my dad and maybe monthly payment to him on the money i borrowed. 1 year later i refinanced the house paid my dad off for the down payment i borrowed.

I'd say 5% would be very attractive, and 8% would feel a little high, so that's a realistic range, though it's tied somewhat to your financial strength as a borrower (this range will also fluctuate with market conditions, so if you're reading this post in the future: 1) Congratulations for surviving 2020!

the most highly regulated note and you need to be really up to speed on all the laws that pertain to those.you have commercial paper  NON owner occ.. not much in govmit rules so it comes down to the collateral and the borrower you have first position and second postion.. rates of return on these can vary greatly you want to know the difference.

The goal is to make homeownership costs offset for lower-income borrowers. 

The purchase price was $262,000 and I borrowed $212,000. 4 units were rented and 1 was vacant so I moved into the 5th unit while I fixed it up.

Is there a reason you can't borrow, or save, money?