So, you relied on the credit score of the borrower and the strength of their business income to get them approved?

If the STR is going great, you have equity and good income, you might be able to get someone to establish a business line or credit or loan for you that you could pay off with a cash out refi on the new property when you finish.

.- I've already started the pre-approval process with a credit union based in North Carolina, but I'd love some help understanding how to structure the gift of equity correctly for investment properties, what documentation may be required, and if there are any specific limitations or tax implications I should consider.- My goal is to close on both homes by the end of the year or early next year.If anyone has experience with gift of equity transactions for invest properties -- especially in North Carolina or involving out-of-state buyers -- or can recommend a loan officer, lender, or real estate attorney familiar with this setup, I'd really appreciate your insight.Thanks in advance!

I don't take credit cards but I believe stripe does.   

Work in seller credits, commissions if you are an agent, etc in the deal to reduce down payment.

Portfolio or property LOCsIf you own stabilized rentals, a revolving line of credit creates flexible “dry powder” between refis.The big picture: your equity is still working for you — you just need parallel capital sources so opportunities don’t slip by while you wait for seasoning or appraisal timelines.

When it comes to HELOCs on investment properties, the options can be a bit more limited, but there are a few lenders and credit unions that still offer them depending on your LTV and credit profile.If you’d like, I can share a few tips on structuring the financing and how to make sure the tax side aligns with your BRRRR strategy — that’s where a lot of investors miss out on savings.

Local banks and credit unionsSmall local lenders love funding deals in their own backyard, especially if the neighborhood is strong.

Just depends on the asset, state, value, credit, DSCRFor 1-4 Unit Residential, you can expect the following on a DSCR loan Rates: 6.00-8.99% Points: 0-5% LTV: 80-85% Terms: 5/6 ARM, 7/6 ARM, 30 Year Fixed 

I guess he would need to take a picture of the snow removal so I can give him a rent credit every month You don't need to handle this.