Here's a detailed guide on how to screen applicants: Application Screening Guide

Would love to hear your applications and utilize them within my business.

.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

Essentially 100% financing leaves no margin for error.

How did you finance this deal?

EVERY applicant is "qualified"!

Look for properties where you can add value with smart, targeted renovations rather than going overboard.Financing Strategy: Since you're aware of the leverage risks, keep your financing options flexible and conservative.

I have an FHA 100% financing option which is a forgivable grant.

These are decisions to can make to subtly change the applicants to get and how long you keep a good tenant thereby affecting your vacancy/turnover costs. 5.

Higher loan balances we would likely see an opportunity in the future to refinance again due to lower rates so consider a 2-3 year prepayment penalty.Of course if you qualify for Conventional Financing (Fannie/Freddie), there are no prepayment penalties so just calculating out the return of investment timeline on point buy downs.Good luck shopping and let me know if you want to talk further!