DSCR qualifies on the property and the guarantor's credit, no income verification, tax returns or paystubs to qualify.One key to your purchase is finding comparables. 

The Sampling Method is typically used for properties with nearly identical blueprints such as fast food chains or nursing facilities.EXPERIENCE OR “RULE OF THUMB” APPROACHThis approach is based upon the specialist’s experience in the industry and their ability to estimate the costs.

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.

Unlike conventional loans, a soft money mortgage loan requires no income verification from the borrowers - instead, these mortgage programs are based on credit history, real estate investment experience, and liquid assets, which are then processed through underwriting.Depending on the private money lender, a prospective borrower can get a loan with an interest rate that is as low as 4.375% and have an Loan-to-Value (LTV) of up to 85%, as opposed to the 70% with conventional financing, with no PMI.

The lender will request what's called a verification of employment and all the employment dates will come out and you'll end up having to explain everything in writing and the correct employment history put in, and then the underwriting decision would be made; however, I would say that an underwriter would be alarmed by that, let alone delaying the mortgage approval and upsetting everyone because of it.Rather than trying to make things appear to be one thing they aren't, be honest with your lender so they can give you the right advice and protect your financial interests.

Are the units identical layouts?

What we like to do it have the tenants put the gas and electric in their name and give us account numbers  for verification.

It’s supposed to help hide your identity but if there’s a lawyer involved they’ll find you.

There are programs where you can use bank statements for qualification or no income verification. 

Is anyone concerned that this system could be hacked and identity be stolen?