Hey Arvin - cabins can be hard to qualify.

Hi Tim,I've seen rates in the high 7s to high 8's for full doc programs if the property debt covers, high FICO, liquidity and property qualifies.

Usually if the owned properties are held in an LLC they do not need to be factored into the qualifying ratios or required reserves. - The majority of commercial loans are closed in an LLC.

They expect to not qualify on a loan (since income is likely too low) so my siblings and I want to cover it.

I don't wanna waste time if I know they aren't gonna qualify, but I don't want to be accused of violating fair housing laws here

A successful BRRRR without the tailwind of market appreciation during the renovation period is really, really hard unless you have cash to buy a place that does not qualify for conventional financing, ways to source off market deals with some real issues that you don't mind taking on, and/or access to a crew or cheap labor (could be DIY).

In those conditions, it will become recourse to the guarantor.Can anyone please let me know in this case, will this loan still qualify for a IRA loan?

Does she then qualify as a RE professional?

I think a lot of folks especially on BP that are kind of starting their journey are really only able to start with 1 to 4 units B/C thats easiest to finance and qualify for..

I believe I know the answer to this one but can you consider rent from an unpermitted ADU to qualify for the loan?