Is it typical for lenders to allow 75% of rental income on your previous property to help you qualify for your next property? Would love to hear your experience with lenders and scaling your portfolio with the right o...

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

Hello,I'm sure this is a common question, but I can't find a straight answer.In Brandon's 'Ultimate Guide' and elsewhere I find blanket statements like "I end the phone call".What I don't understand is that if during the call I state that my qualifications are:-3x rent income-No Smoking-No PetsAnd if the interested party tells me on the phone they have a dog, but are willing to get rid of it, or they smoke, or they only bring home 2x rent income, I'm not clear on how to word the 'closing statement'.I'm assuming I can just literally say:"I'm sorry, but because your son smokes and will be living at the property, you don't qualify.

We do not ask them questions initially, just have a basic Typical Qualifications that we email to everyone contacting us. 

Sympathize with them but don't empathize.If they don't give an immediate impression of qualification, have suggestions or give directions to resources that can help them improve their situation. 

In some cases you could financial an 8 unit apartment complex with two conventional loans if they are split up as 2 fourplexes on two tax parcels for instance.Alternatively, you could finance a 2-4u with a commercial loan in some cases if that makes more sense.Aside from these exceptions, the qualification process is completely different.

The qualifications were that we looked good on paper, W-2 jobs and lots of equity in property.

Hi,Looking to get some insights from the experts.As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.Now an average time for us from l...

You also generally have restrictions & qualifications depending on where the window is - if it's very high up from the ground, you might have to use a certain glass or the window might have to be a certain height.

The other is that any residual positive rental income is added to your gross, which would allow you to reduce your DTI in your new home qualification.