I hear this word phrase "thrown around" also for single-family homes and my guess is that if one can identify the seller's "motivation" that connecting with the seller would be the first thing in my pre-qualification and then "talk" about his/her current situation (e.g. burn out, divorce, relocation, etc).

It consists of coordinating with our current network of wholesalers, bird dogs, and agents to do preliminary evaluation and qualification for buys, develop new wholesalers and bird dogs, develop alternative buys, develop in house direct buys, and package and sell in house wholesale packages to our affiliate investor group.

They are two different qualifications.

The market value of a note can cloud the qualification process for people needing medical assistance, it's based on the market value of the asset, so if the asset is not marketable, the value may be dismissed entirely by law.

Sam, just qualify people on the consistant basis and same qualifications regardless of thier source of money as being reliable.

They also require no appraisal, no income verification, no tax returns, probabyl no copy of the lease, etc.If I were to go to anyone else, may lenders don't want to touch these, unless they're already servicing the loan, the qualification process is massively tougher.For instance, many lenders can only go up to 105% of value and you have to get an appraisal, Also, you'd need all income documented, tax returns, debt ratios, just like a full blown refinance.

Lump sum prices may be paid on an option, depending on the source of funds from that tenant, but it may change the income qualifications to receive Sec 8, so it is difficult to meet the requirements and be within a reasonable purchase transaction for a property that meets Sec 8 rental requirements.

Qualified meaning they fit YOUR qualifications to live there.

Scott, I believe several states are still behind as to qualification requirements for an inspector, doesn't mean they have no license requirement at all, any business license required?

I would really like some incite on the qualification for hard money loans as well as FHA 203k loans.