They actually tracked the chain of custody on the deeds of properties they had in their database to see who bought them and if they matched with any buyers in their data base they assumed these guys had back doored them.

Feel free to reach out for any additional information.You and your wife are on the right track.  

Although we are happy to work with investors at all experience levels, we can be more aggressive with our rates and leverage if you can demonstrate a successful track record.

Although we are happy to work with investors at all experience levels, we can be more aggressive with our rates and leverage if you can demonstrate a successful track record.

You are on the right track... 

I just wanted something to track expenses and realized it was SO MUCH MORE! 

As noted above, a non-QM loan product such as DSCR  could be suitable if you don't have a W2 track record.

FHA is tough on a few things like "Chipped paint" any signs of chipped paint will stop financing and need to be addressed (Painted), Loose or missing hand railings, Water damage, Mold, Termites, Outdated electrical or any wiring that is exposed.FHA will also stop you dead in your tracks if the appraisal shows anything that is considered a "hazard or safety issue" and must be fixed.

A lot of those builders w/lines that got called in 2008-10 more than likely didn't have 1st position collateral backing the line (maybe just the builder's track record/balance sheet - can't say 100% bc I'm not a builder!

Hi Travis,You're on the right track with your BRRRR analysis, and it's great to see you adapting to changes in lending options.