They will have more experience with all the paperwork that is required for this financing package.To purchase and finance a home through Fannie Mae with more than 4 existing financed properties, investors must meet all of the following criteria:* Make a 25 percent down payment on the property; 30 percent for 2-4 unit* Minimum credit score of 720* No mortgage lates within the last 12 months on any mortgage* No bankruptcies or foreclosures in the last 7 years* 2 years of tax returns showing rental income from all rental properties* 6 months of PITI reserves on each of the financed propertiesand to reduce fraud, *you must sign a 4506-T -- a form giving lenders permission to verify your submitted-with-the-loan tax returns against the official, IRS-filed version of the same.FYI: For refinances, loan-to-value is capped at 70% for all property types.

You also have to have an agent or broker who has a NAID number to submit bids on your behalf.

Maybe I could get them to agree to continue to market the property for back-up offers, and possibly have a "cut-off date" for them to submit proof of funds to close.

After finally settling in with a REagent who is willing to scout out properties for me long-distance. I'm ready to put in an offer. I remember 6 years ago looking for a deals on a SFH in the same area and couldn't f...

I am going to still get the estimates on repairs, etc. and maybe just submit a low offer that would be profitable and see what happens.

Thank youTo the negative person that responded by saying I needed to getA job and not open myself up to litigation by submitting bogusoffers I say please keep your negativity to yourself.

I've seen offers submitted as all cash and then a lender financing addendum is submitted once all contingencies have been cleared and the hard money/private money lender is ready to fund.

., before submitting an application.

Submit the offer you are willing to pay.

I recently submitted an offer for a townhouse in San Jose.