For some context, the current payment is 30-31% of our gross income, we both have 780+ credit scores, no other debt besides this mortgage.

I'm Italian, and originally from North Jersey/NYC area so we just send out some guys that specialize in knee cap alterations 🤣.Ok, more seriously, I personally believe in responding to reviews both positive and negative because it builds a critical body of work such that when you do respond to negative reviews it doesn't look out of place.

With DSCR loans the best you'll find is 85% of purchase but the rates are so much higher than an 80% that you'll likely be going with 20% down and that program will be based off FICO score and the cash flow of the property.

Purchase price: $40,000 Cash invested: $40,000 Sale price: $118,000 House flip that was originally going to be a long term rental.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

This will hurt the tenant's credit score, it will warn future landlords when they run a credit check, and it will prevent the tenant from qualifying for a personal loan, home loan, etc.

One of the applicants reached out stating his credit score is 550 (our requirement is 600) but his wife’s credit score is 750.

I’m wondering if you ever got to see the original invoice.

One of my clients almost lost his chance at a claim because his originals were destroyed in the storm, but luckily, he had everything backed up.Hang in there, Joe!

In our opinion, Class C tenants have FICO scores from 560 to 620 - where their chance of default/nonpayment is 15-22%.