Feel free to connect!

Feel free to reach out if you need a brain to pick.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

I am currently searching for a job in property management because I feel it will give me solid experience and knowledge to tackle my own properties one day (and I am in need of a career change).

It is validating to hear that most of you feel communication about this matter would be normal/expected.

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.

It Just feels that way!!!

Personal use - if you or your family used the property for personal purposes, you will need this to factored in. 

Wishing you all the best as you get started, and feel free to reach out if I can ever help.

This is generally correct, DSCR loans do not look at all at your personal income.