Are you a successful real estate investor in or near Springfield, Illinois?

If so, I'd like to invite you to a FREE meal on me!

My name is Gage, and I'm a newcomer to the vast world of real estate. I've managed ...

The Qualified Intermediary will take a lot of the guess work out of the process and hold you hand the entire way. 

I'm Kalli from soon-to-be Idaho (travel physical therapist and been state hopping), My partner and I have been very curious about real estate investing for a couple of years now.

The numbers are not surprising either.Real estate agents in 2019        549,000Real estate agents in 2023        440,000I think they should probably qualify these numbers, as these really are the ones WORKING AS AGENTS, there are believed to be 2,000,000 licensed real estate agents in the country, and 1,548,058 Realtors (members of the NAR) as of January 2023Did you know that the most common number of deals an agent does in a year is zero?

@Nicolas Dupuis you definitely can use the projected rental income to help you qualify for a higher purchase price when purchasing a multi-family home with a conventional loan.

My current w2 income doesn't qualify me for both mortgages.

This might be because their credit score is too low or the house needs fixing.Although each lender can make their own rules about how to qualify a borrower and their investment, like needing a certain credit score; I believe that flexibility is the best thing about hard money loans since it provides each individual with vast amount of options.  

The house is uninsurable without repairs.We qualified for the loan with the assumption the house is livable. 

Otherwise everyone with open and unused credit cards would never qualify.

My first question is why can’t they qualify for a better loan now, such as DSCR or even a HELOC?