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With smaller single detached comps from $300k-$330k I'm excited to see the finished product.

If the DSR is low, they may only lend 50% or less.There are hard money lenders that will lend short-term on 5+ units that aren't producing enough income to meet DSR requirement.

It was kind of obvious when the production/delivery numbers were released recently because the announcement was from Austin but glad to have official confirmation.

Except insomuch as you're part of the electorate that produced the government that produced such a terrible, despicable law.There's a tragic new element to the California vs.

There are loan products out there specifically for 1099 income-earners but most require steady 1099 income for 2 years and taxes as well.

@Steven Harris that is a hard sell but with $30K in savings as collateral you may be able to go to a private lender; however, you are going to have to add a member to your LLC or Corp with a job ; especially since you are new and can not produce a schedule of real estate owned.Most private lenders that I know or have worked with say that the asset is the main pull as far as credit during analyzing the deal; therefor, you have to have a strong deal that makes you money and able to communicate how you are going effectively monetize the project, in the form of an executive summary.I remember at one time some lenders were doing 80/100, 80%LTV and 100% rehab, I do not know if they are still doing that, I will have to reach out to some of them to see their parameters these days.

Challenge was finding the right cliental at first but rapidly grew with nurses after providing a good product.

If so, that means buyers in Oakland, for example, can purchase a $1.01m single family home with just 5% down ($960,000 / 0.05) as a commodity product, with subsidized/sexy interest rates, and so on.

You'd be surprised at how low 30 year fixed rates are right now on these products.