What do your qualifications say? 

Would you know in the pre-qualification process if you qualify for a conventional loan vs a DSCR?

Hello,I am new to real estate investing and decided to go with Easy Street Capital as our lender for the DSCR loan.They already ran out credit and we went under contract on a property after getting the pre-qualification letter from them.I also got the Term Sheet from our contact Zach and the last page is asking us to wire transfer $2,500 to their bank account for the deposit.Is this common for private lenders?

Of course that is qualification dependent, just throwing that out there though to look into the difference! 

The gurus” selling mentorship’s and “canned” programs to a inexperienced investor oversimplify the strategy; ignore the difficulty; incorrectly claim that the education they provide is sufficient for success; lie about their own qualifications and experience and success; belittle “real” business/financial/real estate education and provide a totally unrealistic picture of lifestyle, effort, and chance of succeeding.  

I think there is a program like that but I'd have to see about the qualifications, I'll ask about that.

Conventional tends to be better in rates, but it's good to check as this is not always the case depending on your qualifications.

Just out of curiosity - has anyone heard of lenders declining new borrowers for assumable loans, even with strong qualifications?

Still,  should I add-on this future income for pre-qualification?

Gabe,It doesn't matter what you're qualifications are (assuming they meet fair housing guidelines) as long as you use the same criteria to screen ALL applicants.