Hi Kenny, I have found a potential private money lender to lend me 20% of purchase price for down payment.

The tenant has the utilities in their name and the gas was recently shut off for non payment since September.

The carry over cost with utilities and HELOC interest payments is about 1k a month.

Hey y’all I got a house under contract for purchase. 20% down payment and I need a loan officer for a loan in Waco Texas. 780 credit score and good DTI.

Some tenants I have gone months without talking to and only talked to them because I haven't heard from them in a while (even though their payments come in electronically with no issue).

The typical acquisition profile is a luxury beach vacation rental in the $650-$850k range either with cash or 50%+ down payment from the sale of a property in another state.

If so, what have the lenders you have spoken with so far said about the minimum down payment you have to bring to the table? 

Do a cash-out refinance to tap some of your equity to include paying off your heloc and other debt.From a lender’s perspective, when buying real estate using a heloc for a down payment, the new payment for the cash advance on the heloc is calculated into your overall debt-to-income ratio.

We're considering a 30% down payment for DSCR mortgage.Do you think this is a good deal?

I'm wondering how many months of mortgage payments should I have in the bank to keep the house afloat until rented.