That being said, there are not institutional lenders going to 90% 2nds on investment properties but you can then shop private lending sources or secure seller financing.

This confirms the current terms, M2M, current rate  and any security  deposits on the lease.

Talk to a securities attorney.

A HELOC secured by an asset thats free and clear from of any debt esp in NY City where the value of properties are very high will give me access to alot more capital.

@Chris MasonSuch a great technique!

Hello Bp family,I have a question that I need help answering, I am a beginner entering this field. When starting out should I place my focus on finding a deal or getting funding in place first before searching for deals?

And do some simple and cheap security upgrades if you feel like that would add value to your property, plus keep them there if they are good tenants.

An applicant that is not currently employed must provide proof of funds (current bank statement), which will equal a full year of the lease agreement and may require a guarantor and/or additional security deposit.

I have several repeat renters that I don't charge a security deposit and handle the agreement in an email.

I’d like to point out that even in a wholesaler’s idealized world where there just “selling the contract” you need to be a licensed broker-dealer with the SEC because now you are selling a security.