@Magdalene Leon - I'm happy to discuss Backflip's loan products and our process.

I’m hoping to learn more about the industry, its dynamics, and explore potential opportunities for collaboration and growth.Totally understand that nothing in this field comes for free, and I’m more than willing to share my expertise (tech related) and provide support wherever our skills and goals align.Looking forward to hearing from you and hopefully connecting soon!

I have done it with some contractors taking Paypal where you can use a credit card on that site with a fee, or QuickBooks is another one too.

Our normal market cycle in central Illinois is 6 months of supply with a 90% lp to sp ratio. 

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

Ours is a holding company with a registered agent.

Actually we have divested 4 of our 8 Self storage locations to get into a better LTV position versus my view of the economic world.  

The property isn't 'cash flowing' but our renters downstairs take $2,100 off our $5,700 mortgage so that comes down to my fiance and I paying $1,800 to live here.

It links to our business bank account and our business credit card so come tax time, deductions should be easier.

More importantly, one of our investors has invested in a bunch of them and recently raised an issue that I was unaware of until recently.