It is stronger than a pre-qualification and reduces your risk that they will fail to qualify for a mortgage.

I'm wondering if you have any pre-qualifications / criteria set-up as well..Quite in the similar situation as you and looking to connect with the right people to make moves on the ground soon - building a team etc..

Hey there Seattle investors,I'll be starting down the road to my first investment property soon, and I'd love some advice from experienced folks on how to approach lenders. Is there anything I should or shouldn't do t...

I know the basics of tax lien investments, but wanted to gain some insight in two things:a)  What is the qualification  process one has to go through beforehand to ascertain whether a particular tax lien is a potential good investment or not.  

Hi all, I am new here. I am currently trying to rent out my house and using a realtor to help me list it. There is a prospective tenant that the realtor is advocating me to let them move in. My issues are: Their incom...

You don't say what qualifications he has to do the deal, any track record at all.?

I was trying to do some research but can not find the qualifications to do such a deal if there are any.

Assume I can put enough down to meet the LTV qualifications of any loan.Question 1: Does a 6plex like this potentially qualify for a SBA 504 loan?

If you only have one unit in that area you won't have the issues of written qualification guidelines as you do with multi housing.You need to assess thier lifestyle, at 55 I was buying stuff, still do, so don't think those in thier 60s or 70s don't have a life.

In relation to any JV arrangement pertaining to rental properties, there are typically 4 main areas of contribution to the deal (4-M model):Investment Capital (Money)Mortgage Qualification (Mortgage)Day to Day oversight (Management)Expertise (Mastery)Each category could be given its own weight, but generally are given an equal 25% weighting.