Getting pre-approved gives you a serious edge in securing deals faster.

If you’re looking for creative ways to secure a down payment, consider partnering with investors, using seller financing, or exploring down payment assistance programs.As a real estate agent, starting at 18, working with experienced agents for mentorship can be invaluable.

You get an estoppel from each tenant saying this is how much rent I’m paying, this is how big a security deposit I gave, here’s who pays for utilities, when my lease ends, etc etc. 

@Sam McCormackCongratulations on becoming an investor and securing your first property in Northern Kentucky.

It depends on his goals, but if he's looking for cash flow I would buy a secured first trust deed.

Risk Management: Securing enough funding to cover unexpected expenses during the renovation is a challenge.

The partner with good credit secures financing and handles financial management, while the rehab expert oversees renovation and project execution.

Caught the flag on the first sentence "given the loan terms verbally" - Pretty much all the "reputable" DSCR Lenders will give out a detailed term sheet / pre-approval letter / LOI (many different names but same thing) outlining terms and approvals early on in the process - the good news is that if you haven't closed yet you can still switch lenders and see if you can secure your original terms - also good news is that the appraisal, while likely ordered by the lender or broker is in your name and your property, so you can likely transfer it to the new lender

And that gave us a feeling of security that allowed us to take "riskier" bets.

The information is provided in 'how to get your security deposit back at the end of your lease' language.