Quote from @Jimmy Rojas: Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business)  , experian score 630  1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.Nobody will loan to you if you can't prove your income.

Definitely hard money loan.

The problem is that I can't get a loan - I'm too good at taxes, and don't have enough income to qualify for conventional products, and don't have enough portfolio, cash/flow, or experience to get hard money.

We are in the process of renting out one of our properties to four college students.

That requires guidanceIf you are a lender, the worst loan you can make is in second position on an over leveraged Subject To for someone who has no money.

Don't understand why the loan.  

Kicking myself for not growing our portfolio sooner but better late than never I guess.Here's the thing - We don't live in the US, my husband is a US citizen but since he hasn't lived in the US for many years he has no credit history.Now comes the fun part - we are in a lot of debt where we live (like $115k in loans).

You could hire an appraiser on your own and tell him you want to know what the property is worth, not whether or not it will cover the loan.

Hi Jose,Have you looked into non-QM programs or commercial loans like DSCR financing?

From getting loans to insurance costs etc, are their fewer people moving to the gulf coast due to these issues?