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

Not pre-qualification, which isn't much of a commitment, but a pre-approval that says they will finance you up to a specific amount.

That's a deal I'll make any time.I couldn't put an exact number on how long it took or how much interest I saved, but within 10 years of starting this process I had paid off ALL OF THE RENTALS (including the 1/2 interest ones-3 of which had been purchased with cash initiallly) and had a postitive cash flow from REI of close to $10K/month.With that kind of cash flow you don't have to worry about variations in job status, loan qualification, or anything else.

A recent thread "3 X rent qualification" may get it. rather long thread posts on qualifying tenants.

David, just because you got sucked into some program what experience, education and qualifications do you have to even evaluate such a program and then advise others to head in that direction?

Its financially beneficial if you 1) Market for buyers 2) Process The Buyer-Find out specifically what they want 3) Get them committed to sending you either a proof of funds if they paying cash or a pre-qualification letter if they need financing 4) Market for properties that fit the buyer needs 5) Get them past the property--show them the property in person (if they like it, get it under contract right away, if not find out why and take notes of it so when the next opportunity comes you know how to utilize what they want) 6) Get it under contract 7) Send to title company and get paid.

Hi, do not annotate anything on the note and deed of trust, someone was saying to post personal qualification on a deed of trust, that's very bad advice and violates privacy matters.I suppose you wouldn't foreclose on your brother's wife, not sure since you were willing to sell to them for more than it was worth.

If you're marginal on the qualification you may have to pay a higher rate.Investor loans require a larger down payment - 20% minimum - and have a slightly higher interest rate (1/2 to 1 percent higher) than owner occupied loans.Is that what you're asking?

There are a number of non-recourse lenders that are willing to lend directly to IRAs, provided their qualifications are met.

The problem is that I would have to locate a motivated seller in a quick amount of time that met the right qualifications for that idea to be plausible.