Research qualification of tenants here on BP.

and...any rehab money or previous closing costs would not be allowed in the rate and term because they are over and above the original purchase price.So our product, that doesn't require title seasoning or tax returns for qualification, that would go off the current appraised value and cap you at 70% for sfr or 2-4 units, would probably work if the value has increased substantially because of the money you've put into the rehab (you may put some cash in your pocket because you can do cash out and not worry about conventional's 6 month rule).Just clarifying,Stephanie

Hi all, hoping to get more insights on this to help out a friend. So my friend helped somebody get an apartment by putting himself on the lease (super duper mistake!!), and that person who actualy lived there stopped ...

Most of our income is from rental properties, and we are specifically looking for ways we can leverage that as well as subject property projected rental income in the qualification process.

Low qualification standards, you only need a 620, I think.Downside1.

And if you can't convince them--or they don't meet the qualifications for those banks, it sould appear that they can't be your end buyer, then.

Mom would be a non occupant co-borrower and the qualifications are different for you.

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

You could also always network & find a credit/capital/experience partner to help with qualification for loans; especially commercial. 

We’re looking at setting up a KY LLC that will hold these properties and rent them out through a local property manager.We’d like to take advantage of Sec 121, capital gains exclusion and plan on selling what is our primary in two years (to get in under the five years qualification).