@Art MaydanI was originally pre-approved for about the same amount but ended up closing (TODAY) on a 4 flat (legal 3) in Lincoln Square that hit the FHA loan limit and all because the property had such strong market rent.

Although the economy is strong and rents are rising, property values are inflated and there is a lot of buyer competition = low cap rates.

Here, they tend to be upper C neighborhoods with multi-families starting in the $50K range, unless you look at our Old West End District, which consists of C to B neighborhoods of large multifamily homes with beautiful architecture for sub-$100K prices.

The equity gains are strong in Portland, though.

That is good to remember, too, @Daniel Sprague, we are up against a few other offers at the moment so we have offered strong in hopes to get into the negotiations.  

@amymartin, medical collections, student loans I may overlook if they have a strong income and also don't have more than two late credit card payments.

If you pay on time during the life of the loan and establish a solid relationship with your bank, they will work with you.Considering current conditions - you were approved by the bank, so it either means the property is a cash flowing property, or your a very strong borrower/guarantor, or both. 

I have a strong work ethic and am willing to do things that may be a nuisance for you so that I may have the opportunity to develop.

Inglewood investing and a comp to show specificsHey all, I've posted some details from a deal I just closed on, and if you look at the metrics, the signs continue to point to a strong cash flow outlook on the NFL's newest home.

Apartments can go up to 80% ltv depending on the loan amount size and if the property and buyer are strong.