When a prospect calls, go through a list of pre-qualification questions (these can be found in other places here on BP).

That is my usual basic qualification for everyone on my team: broker, property manager, lawyer.

Jump into completing the pre qualification worksheetEnd Off…An experienced loan officer will call you back within 24 hours.

The qualifications for the financing are a 700 middle score (680 on a case by case basis), 2 years of rental/mortgage history, 2 years on the same or similar job and 6 months PITI.

You don't need to be under contract to get a proof of funds letter (the equiv. of a pre-qualification letter in the rehab world)...The repair then reimbursement model is prescribed to by most lenders, but there are loan programs that will allow up to a 10% draw in advance to get you started.

Along with the credit repair operations, we also do Debt Consolidation, Credit Rebuilding, Credit Restoration, Budget Analysis, Mortgage Pre-qualifications, Mortgage Audit, Loss Mitigation, and Repossession and Foreclosure Prevention.

If at the end you don't feel they have truly reviewed the buyer's qualifications then don't accept the offer.

We are not clear about how to explain to our potential members how the qualification process works in relation to the qualifying process.We've been told that TIN will represent the members "collectively" instead of each member having to submit personal information everytime a property is purchased.Please give us insight on the process as it relate to an LLC Investment Group.Thanks,Ed

(side note: don't have kids with jerks with control problems, especially when they can come up with the funds to sue you as the great american judicial system has no qualification process for someone with a biological tie to come after your kids, even completely unfoundedly...and you will be forced to spend a GREAT deal of money to deal with that mess.

Hello-Keep in mind that a "pre-qualification" letter from any lender means less than the paper it is printed on.