Adds theses items to your pre purchase check list!

What are the pre-reqs of BRRRR / house flip? 

Option 1:30 Year FixedLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.225Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $2,018.76Broker Fee % 1.25Cash From Borrower $78,081.01Option 2:5/6 ARMLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.025Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $1,990.40Broker Fee % 1.25Cash From Borrower $78,052.65@Ryan Jacques  Assuming you are not a first time home buyer or first time investor you should be able to better on rate with ZERO pre-payment penalty on a DSCR loan for the 30 year fixed.

Our building cost went up 80% from pre covid.

Part of my pre-approval process is to scrub the borrower's bank statements for these and find out up front what they are for proper DTI calculation - I almost had a file fall apart last year because of Affirm. 

Market research, getting pre-qualified, and walking properties gets you there.

Homeowners that are on any kind of list (pre-foreclosure, absentee, divorce, tax etc). receive 10-20 mailings a month and triple the amount of calls (if the number is listed). 

Do that 4x and you have 80k clear, that's at least 125k pre tax.I've been going through the trials and tribulations of doing the ladder the last 18 months in Pitt where investors in my group closed on 25+ properties last 10 months. 

NH has RSA Chapter 479-B pertaining to non-licensees operating in the pre-foreclosure arena........

Excluded from this are pre-marital assets, inheritances and assets acquired during a legal separation.