However I would be inclined to pass as I feel for the risk I should be getting closer to an 11 or 12% cap.

I'm looking for MFRs that could pass a VA inspection.

The actual kicker is when they say I must be so happy that my children pass as white.

After talking to one of the foreclosed property agents, they mentioned that in these cities, properties under a certain price has to pass a city inspection with a contractor to see what needs to be fixed for the property being livable.The agent told me that in their company, there are trying to run the city inspection right away but some do not do that.So I need to find a contractor, that is also licensed in the same cities for the consequences where the property does not have city inspection.What is the best way finding them?

Quick summary:- I have two single-family rental properties that have done very well but they were financed with conventional lending so I'm a newb at presenting a fair offer to a private investor- Investment would be for $185,000 for a single-family home- House will clear $500 / month in NOI-  The house will pass a standard inspection and appraisal (I already attempted to get this property through conventional financing but it fell through because it's a condo with > 80% of the units rented.

I have informed the prospective tenants that if they would like to move forward they will need to pass a background check and verify income.

Even if that illegal person manages to fill out an entire application and pass a backround test and I decide to rent to them, then okay!

Hi Sarah:  A DSCR loan is a good alternative if you have 20 percent down and you do not want to, or can not pass, a complete mortgage underwrite.

Generally speaking, the home has to pass a 4-point inspection (roof, plumbing, electrical, and HVAC) for any financed offer (partially because most insurance companies require this, and lenders obviously require insurance).

The reality is people with no money see wholesaling as a way to make a quick buck.Heck even getting licensed you have to go through a school and pass a test and then take a state test to pass.