Initially I was going too cash out on a Sheriff sale property and refinance my current duplex for to find the second properties rehab.Although it’s not a bad idea, I don’t wanna bank on the equity in my home to be enough.

Talk to your bank mortgage dept.

I checked with my bank and I should be able to get a new $560K HELOC on my primary home.

These programs are much more lenient and allow Alternative income streams to qualify such as: Liquid Asset calculations for incomeBusiness Bank DepositsPersonal Bank Deposits Expected Income New Employment income1099 IncomeCommissions & BonusesAccount ReceivablesNote Receivables Contracts for future incomeNew Rental IncomeExpected Rental Income from property planning to rentConsiderably different calculations on Tax returns 

Problem is banks do not like tip income and also I have many expenses for the business so it doesn't show much profit, even though many of these assets (truck, commercial mower, etc) will be paid off over the next 1-3 years.

(You should. 30 year home loans are the best debt you can obtain) Reason for the above questions is banks will not give out those 30 year home loans to an LLC.

@Edwin GiraldoYou can find an investment property financing options with local banks/brokers who will finance up to 75% of the deal and base it more on the property cashflow and your credit score (not your income).

hello all,I have a question that has been ponder on my mind. i currently reside in N.Y. and thinking of relocating to Fort Lauderdale fl. and purchasing my first owner occupied rental.question: when i use my current job income to quality for my loan. will the bank question my future job once i relocate to florida?

What do you do for earnest deposit money If your buyer does not have a bank account?

Right now, I am going bank by bank on their website.