I would have expected her to push for full answers to my questions or add further clarifying comments/questions based on her own experience with other sponsors.

From what I’ve observed, many of the most successful investors tend to focus on markets near where they’re based or in areas they’re familiar with.

I'd recommend searching the forums for topics you're interested in to get a solid base and direction. 

Base your decisions on hard facts only and maintain a paper trail. 

Hello my name is Diego Prado, I am based in Laredo Texas but planning to start my real estate business in San antonio.

Lenders typically look at your full tax return (Form 1040) with Schedule C (for self-employment income) or Schedule E (for rental income) to verify income.To qualify for a home loan, banks generally require:At least two years of reported self-employment income.Tax returns, bank statements, and possibly profit & loss statements.A solid debt-to-income (DTI) ratio to ensure you can handle mortgage payments.If you’re newly self-employed and don’t have two years of tax returns, you may need to look into bank statement loans, which some lenders offer based on income deposits instead of tax returns.

After all expenses, I anticipate a monthly NOI of $1275.That brings us to the third R - Refinance.Is there a lender here who would make a DSCR loan based on a monthly NOI of $1275?

He has been wrong for so long at some point he might be right but that is based on that same idea that a broken clock also being right twice a day.

I also invest in single family and small multi family properties with my husband, a NYC based general contractor with a focus on residential renovations of town homes, apartment combinations and out of the ground houses.

Have made decisions based on data and then gut feel comes into play for deals or person specific decisions. 4.