Do hard money lenders look at your FICO 8 score or the traditional bank or credit union widely used FICO 5,4,2 when judging your credit worthiness?

Are they angled correctly?

So far, I'm happy to say that rent collections have been more like 95%, but I think it was still sage advice (and it may turn out that 90% for 365 days would have been more accurate).As an industry, we have to accept that this will be the new normal for perhaps another year (until treatments and vaccines are widely available), and we need to learn to get by on 85-90% of rent collections. 

We even found the original front & rear entry doors were only 30 inches wide, so we tore them out as well.

Leveraging the creative corners of agency guidelines is my Favorite Thing.Another angle that I think would have higher odds of success: Increase the price and have the seller put the renovation funds into an escrow holdback with title.

Assuming I could work through the challenges of a loan on the mobile home here’s what the numbers would look like:Purchase price: $30,000 (6,000 down)Property includes: 570 sq ft. single wide + 1 acre of land (the land is two lots.

Assuming I could work through the challenges of a loan on the mobile home here’s what the numbers would look like:Purchase price: $30,000 (6,000 down)Property includes: 570 sq ft. single wide + 1 acre of land (the land is two lots.

Wide range of options when comparing south Chicago and the suburbs as far south as Chicago Heights. 

I've never thought of it from that angle, but I really like that.

If it has 10 to 30 it's possible it might work but probably not, and under 10 forget it.The $795 price is your lot rent at $425 per month plus the mortgage on a typical single wide at $30,000, reduced by a few dollars to sound better (would normally be $825 total).