In some cases you will find grossly mismanaged deals with bloated expenses which can easily be fixed to boost NOI or in other cases it could be that some units were offline for several months because of a fire perhaps which hurt revenues.

But, guess what they are not loan officers or underwriters so they turn out to be  wrong.

I didn't have much money, and not much experience but I used my background in finance to put together a syndication and buy an old office building and drive thru on .59 acres with the purpose of developing housing.My passion was creating housing in a city with under 2% vacancy and skyrocketing housing costs.

Amy Vaughn will no longer serve as the chief financial officer ("CFO") for RAD Diversified REIT, Inc.

I help family offices with industrial acquisitions and investment portfolio management.

The local who lives there but commutes 30-60 min to another community because they can’t find a job to support their family in their town.That same local knows that a 4plex would be great on that lot that’s been vacant for 20 years and that there are at least 4 families who could benefit greatly from that development.That local knows that Ryan’s plumbing and Katie’s electrical companies that service 75% of the town really needs a new flex space to use as a shop, storage, and parking for their business so that they aren’t working out of their garage and can hire a couple of locals to work with them at the office and in the field.Development is different in our small towns but if locals aren’t the ones doing it, and developers aren’t coming, what happens to our kids futures?

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money. 

My office is in Carmel.  

She isn't thrilled that her refund is so low but I was able to give her an exact account of the revenue minus expenses and she thanked me.Far fewer phone calls.

Ask your loan officer if you qualify.