Here is my question: Should we take out a HELOC (home equity line of credit) or a home equity loan on our existing SFR home (that is paid off) to finance a 10% down payment on the new investment's mortgage? 

Good afternoon,I have clients that are currently interested in a triplex property and qualify without an issue but the property itself does not pass the FHA self-sufficiency test without one of the unit’s income, since it has to be owner occupied for FHA due to one of my clients having a foreclosure on their credit that won't be removed until March of next year.

I've got excellent credit, a flip, and 4 rental units (in the past three years). 

I've got excellent credit, a flip, and 4 rental units (in the past three years). 

Joe Scaparra where do you consistently find cash flow in major Texas cities in today’s market & these property taxes?

As we just got started I just wanted to see if anyone sees any major mistakes in how we ran the numbers. 

In our area, 3% deposit will immediately go to Escrow, preapproval from local major lender is carefully contacted with verbal confirmation that the buyer stands out. 

But those criteria, I suspect, are probably not all that different from what the major retailers are looking at.

Now I get it that there is this undercurrent that goes around that its the easiest to get into and takes the least amount of capital.. but I also think the vast majority with limited capital spend it lose it and never do anything.. 

Curious to know if there are any good loan options )other than hard or private) that self employed people can use with little to no taxable income.