Unfortunately you will have to qualify using market rents, if you want the better rate.

But Banks only fund the very well qualified generally no way a beginner is getting bank financing unless your basically borrowing your own money. 5.

Down payment can be higher than primary, but the good thing is that you won't need that much income to qualify because lenders can you 75% of the market rents for the units of the property.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I spoke with two lenders who they suggested and the lender I normally work with and I could not qualify with my primary home and rentals.

In 2017, we want to try to qualify my husband as a Real Estate Professional.

Or is qualification your main preference 1-4 unit fha conventional loans will qualify off DEBT to INCOME or DTI while commercial portfolio loans will qualify off DSCR or debt coverage service ratio (this assume you’re not going to live there if you’re going to a credit union).So you asked a loaded questioned but I gave you some questions/answers to think about if you could provide more information perhaps more commentary can be added further.

@Jacqueline Wright i have pre qualified for 280k but I don't want to go above 209k

Qualified Landlord reason for termination.3.

Cons- depending on your personal financials, qualifying might be more challenging and the loan might not amortize over 30-years.Another alternative would be a business-purpose rehab loan (fix and flip/fix to rent).