There are many banks in dallas. Some are more eager to work with investors than others. We often use local banks to acquire the investment property then use bank funds to fund a portion of the rehab and repair. These are inexpensive loans for those putting 10% to 20% for investment property.

If you plan on keeping as a rental property, we can refinance the property to long term notes. The bank is payed off and many times some cash is taken out of the property. Usually from the time the investment is purchased and repaired, a permanent loan can be put in place within 60 days.

Let your realtor and financing agents know your exit strategy. Is it short term or buy and hold for appreciation. Research all possibilities regarding your investment property in terms of tax strategies, management and disposal of property.