Drew MacDermott
Duplex in Lebanon, NH
25 November 2015 | 5 replies
To get a commercial investment property loan, qualification will not be based on dollars of cash flow, but rather on DSCR (Debt Service Coverage Ratio).
Tony Gatto
Need tips to buy a house and assume the mortage
24 July 2014 | 4 replies
Providing that the loan is assumable (you will see this in the loan documentation), you will need to meet the exact same qualifications as if you were getting your own loan.
Mike Otter
Evaluate price based on seller operating expenses?
25 July 2020 | 0 replies
My qualifications are that I've been a resident manager for mid-sized, commercial multifamily properties for a long time- but didn't deal with the finance side of things- just rent collections, day-to-day maintenance, rent collection, showing vacancies, signing leases, etc.
Mark Pandelidis
23 and just starting out
18 June 2011 | 15 replies
You can start this process by simply calling the major banks and asking the terms of their loan programs and what their qualification requirements are.
Matt Dixon
Better application just before accepting deposit
8 November 2018 | 7 replies
That way there is no preferential treatment accusations, hurt feelings, etc.The first person to turn in their application and application fee gets screened first, if they meet my qualifications they get first opportunity to put their deposit down for the property.
Johnny Hastings
New from Central, Wisconsin (Stevens Point)
29 August 2020 | 15 replies
The previous owner didn't really have many qualifications to get it, just first month's rent and the security deposit.
Cody F.
Tons of people asking to see an apartment, how to handle this?
15 August 2019 | 18 replies
We have a minimum income requirement to qualify for this unit (3 times monthly rent); based on your email, it appears you meet those qualifications.
Val Hill
Wholesaling to Builders vs Flippers
7 December 2019 | 0 replies
My question is, I know flippers take on properties that are 75% of the ARV (or better) but, what are teardown/new build investors qualifications for max offer?
Eugene G.
Anyone else have experience cash out refi a commercial building?
25 October 2017 | 2 replies
Should the property be transferred to my personal name for loan qualification?
Alice Jackson
I'm a GC. Can I rehab my own 203k property?
26 February 2019 | 6 replies
The lender who allows it just asks for your qualifications (licenses, insurance, references, etc).