Their lending will take longer while the investor will be more likely to close quickly.Most likely the best option to get the most money is to list it on the open market with a Realtor. 

@Javaras ThomasBanks are going to look at debt service coverage ratio (DSCR) to determine how much they will lend to you, not ARV.

Dane,I always close in LLCs, but given the option I would typically choose traditional lending as the terms are more favorable.

The terms of lending to an LLC will be different than the terms of a residential loan, so be cognizant of that.

The rule in lending is you will always get a lower rate and a higher LTV loan to value on your primary home.So if you tie up money in a smaller investment and then need cash your limited by two factors the loan size and the Non-owner occupancy if it s a rental you get a lower LTV.

This is a great forum with very knowledgeable members that will help to guide you in the right direction, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Purchase price: $1,200,000 Cash invested: $600,000 Private money lending to refinance condo What made you interested in investing in this type of deal?

We want to start buying multi-families to do airbnb or long term leases, but we are having a super hard time getting the few banks in Puerto Rico to lend us money with our LLC, they take a lot of time to respond to our emails.

Is it normal for banks to lend to us based on just our W2 incomes?

I know lending requirements have gotten stricter with COVID but any recommendations would be greatly appreciated.