Reserves: Do you have enough cash reserves to handle unexpected costs or delays in refinancing?

Do you have cash reserves for capital expenses and improvements? 

Each lender can use their own methods of qualification on commercial properties, and most look mostly at the asset (with the exception of your FICO, experience level and reserves). 

Market UpdateFor the second time in as many months, the Federal Reserve is on deck this Wednesday with a decision on whether to cut the Federal Funds Rate.

Hopefully you have at least 6 months reserves saved up to start.

., leaving it primarily to the platform's messaging system or texts has worked out so far, reserving direct phone contact for requests or emergencies (which saves time).

They make ordering items from different companies easy, and you get discounts from each store that has partnered with them. 

-Interest rate of 5% is much lower than market interest rates. 7-8%+-There are no capex reserve considerations included. 5% is a starting point.

I would just make sure you're saving for reserves and expect that first year to be really about learning the house.

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.