Conventional versus non-qm products have similar pricing, but restrictions on DTI and capped number of properties will limit how far one can go using conventional.We currently have no debt, excellent credit and are pre-approved for a conventional mortgage on the first property.

., pre-foreclosures, vacant properties, or owners with high equity).

Get pre-approved for a loan and budget for potential repairs.

Avon, CT is a hot market, with multiple offers being received the weekend of the open house, which is scheduled one week after listing.My offer of $725,000 was $20,000 lower than the highest bid, but was accepted without counter because it was not contingent on financing, while the highest offer at $745,000, while the buyer had pre approval financing, was subject to financing.

If you're wanting to flip and are on a time clock bc of hard money I would recommend leaving the property vacant because it opens you up not only to investors but owners occupants as well.One thing I was unaware of on these DSCR refinances is the pre-payment penalties.

Also are their overlays that require pre-reviews by other city agencies? 

Financial FeasibilityBudget & Financing: Know how much you can afford, and get pre-approved for a mortgage.

They typically want earnest money as well as pre approval or proof of funds.I've heard of people leaving money on deposit with the agent.

First-time investors should start with their goals, get pre-approved, network with locals, and maximize learning in forums by asking questions, searching for similar markets, and engaging with members.

John,Check out Inspectify.Even in our local market we use them for pre-purchase inspections, draw inspections, PM quarterly inspections.They are a saving grace.You're welcome hehe 🙏 Haven't heard of inspectify what makes them better?