Hi all,I’m currently flipping in Florida and considering expanding into Ohio using either Investor IQ or a flipsystem “co-pilot” model that helps manage out-of-state deals.Before committing, I’d love to hear from anyo...

If your lender mentioned the FHA max for your area, that’s essentially the ceiling for that program regardless of income or down payment.That said, the deal itself may still be financeable, it just likely wouldn’t be through FHA.

Generally, there are some DSCR loan programs that will do rural at a lower LTV.

I am a residential investment loan officer and would be more than happy to serve as a resource to provide insight into various lending programs and financing strategies.

For that reason, financing is harder upfront but becomes easier after the property becomes stable.After you reach 200+ beds, you get into a range where institutional lenders, Housing and Urban Development programs, and other sources can be come available sources for financing.

are there any equity line of credit programs out there that go closer to 100%?

Every dollar going out should be tracked by you via Quickbooks or similar program and all of your vendors receiving over $600 should be sent 1099's (money out). 

I finally decided to move forward with them because I lost my main lender due to them being bought out and canceling programs.

Going lower than 10% is possible (FHA‑style or local first‑time programs), but a lot of sellers in Elmwood Village don’t love FHA or long‑time owner‑occupant programs, so it’s worth confirming your lender’s comfort level before you start touring.Closing costs in New York are usually around 2–5% of the purchase price, and in Buffalo a reasonable planning number is mid‑3% for a 600k purchase.

Hi everyone,I’m currently in a tough spot and looking for some creative solutions or referrals from the BP community here in San Antonio.The Situation:I am currently approved for a loan through the NACA (Neighborhood Assistance Corporation of America) homebuying program.