DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

The service company can attempt to extend its life by cleaning the condensing unit, replacing the aged AC capacitor and contact, and checking for R-22 levels.

Would love to learn more about your verification methods, as it’s always good to hear different approaches

Hey Don,How does your age factor into this?

Knowing people and human nature you find out by the time you reach my age that there is no such a thing as predators caring for sellers.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

This structure lets you leverage rental income to qualify, without needing traditional income verification, making it an excellent option for building/scaling your portfolio.

Most preachers will tell you that we are under the age of grace with a new covenant but oddly enough they never throw out the mosaic law of tithe .

As I am not a spring chicken with my age..there are always concerns about "What happens if I die?"...

What is it that you look for in a bank statement other than income verification?