70% LTV is the highest for conforming loans.

You'll receive more favorable rates with a personal loan.

You may be able to get a loan for the TILC if you have a signed lease.

Was also going to look into transferring my rentals lease onto a LLC, but if they were to call the loan due that would sort of hardcore suck.

Also, you will assume the Basis in any real estate holdings which could have future capital gains implications.Pros.This is a great way to take over an existing loan subject to that would be really hard for the lender to claim due on sale default.

I typically opted for roughly 3 draws per deal, just to limit draw costs.Also, all of my lenders charged me interest on the full loan balance at closing, even though I hadn't drawn the whole loan (which annoyed me, but I get their perspective).So really, in my experience, I didn't find any to be "better or worse" they all seemed to have their own trade offs, i.e. more general accounting was easier for me, but higher draw cost.

A DSCR loan wouldn't work in my metro.

Does your bank pay your commission as an MLO when the property closes....or when the loan is actually sold?

At some point 8-10 years did a portfolio loan with good tax returns and ended up using a lot of cash and that loan to buy 2 strs in Myrtle- ocean lakes. we currently have 20 units and Two are str's.theres really no short cut, we built a ton of equity by buying at the right time and fixing up ourselves (I'm a contractor).wr bought the two strs in 2020 and 2022.

Is bizz done this way on DSCR loans or No. ?