Of course, the rate can be slightly steeper than the conventional loans where it is a full document loan, where they need to qualify you based on your income.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

Base don what I am saying, what are you all seeing as good/bad for this deal? 

Are there any asset based lenders that can take something like this down given it has solid cash flow? 

(First Time Home Buyer / House Hacking)Hello BP Community, I’m based the Bay Area, Ca & have fix n flip experience in this market.

I'm based out of columbus ohio but I'll be down there for a month and considering moving our entire operation down there because of the economics of the state. same reason you are visiting. what size deals are you looking at? 

If you are looking for something in the 100-200k range (based on the capital you have for a 20% down payment), places like Ohio or other places in the midwest are great opportunities.

Civil records clerk claims the only forms they have are landlord/tenant eviction based on non payment of rent and I need to google the form I need. 

I'm based in Virginia.

-Getting a base-hit deal that is going to keep my relationship intact is the #1 goal.

However, in some counties, they may reassess based on the LLC's sale price.