i have plans at the city that are 2-3 weeks from approval. i'm a licensed GC and the house is going to be a 3/2 1100 sqft with comps in the 260's. for a construction id only need 100-110k, but the more i call banks the more im finding out that even 100-110k is "too small" of a loan.

As we already stated, given the amount I am approved for the inventory selection at the moment is already really low.

Hello all, newbie here with Pre approval letter and currently researching cities for investment properties. 

I am finally looking to get pre-approved.

With the equity agreement nothing changes to the rates of the current mortgage and it’s much easier to get approved.

If they’re approved and pay the deposit I’m done.

A young guy I know bought a cute vintage camper, sprayed it black, cut a window in the side and built it out as a mobile coffee shop, which is now parked outside of events and staffed with college girls.

I'm working on the same loan approval now.

You can often secure a loan based on the property's value rather than your financials, making it easier to get approval quickly and move on deals like the one you found.Using private money can help you fund the purchase and the rehab costs without tapping into your home equity or savings, which gives you more breathing room and allows you to focus on the project.If you’re interested, I’d be happy to walk you through how private money lending works and how it could help with your current deal.

You should screen and approve every occupant.