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7 September 2024 | 36 replies
Just let the applicant apply and use the same qualification criteria which they rarely will pass.
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4 September 2024 | 10 replies
Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.
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6 September 2024 | 19 replies
The only qualifications you need are narcissism and charisma.
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4 September 2024 | 9 replies
Most of my rentals get no more than 3-4 inquiries.I recommend you include qualification criteria in the advertisement.
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30 August 2024 | 15 replies
Many investors use a general rule of thumb for midterm rentals that they should earn about 50% more in rents than an equivalent long-term rental (whereas short-term rentals should earn double or 100% more than if the property was utilized as a long-term rental).However, for DSCR lenders, change can be slow and challenging, and many lenders prefer and require more precise qualification measures than rules of thumb.
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2 September 2024 | 7 replies
Easier Qualification: Buyers with less-than-perfect credit may find it easier to qualify for a land contract.
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8 September 2024 | 168 replies
Wasn't thinking about the qualification of the increase because my mind was on paying off the first.
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29 August 2024 | 43 replies
Now I am not sending them the pre qualification criteria and trying to just get them to come see the unit.
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3 September 2024 | 32 replies
Never, Never, Never, Never.I have had EVERY realtor ask for one, proof of funds or loan qualification letter, but never a motivated seller.But I was afraid of the question also when I first started.
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29 August 2024 | 8 replies
The income qualification for the property is off of the property's cash flow.