Corey Duttonexactly- because there is strong tendency to grow the bubble w/ all the foreign investors in South Fla. we have to stay conservative.

The last thing they want to open up is a letter that even remotely resembles a bill or collection letter.

We have a very high majority of renters and we have a severe house shortage, Geneva population has a growth of 8% for the last 5 years with only a 3% growth of the houses number, it's a political issue since most construction projet in Switzerland are approved in 2-3 month when in Geneva it's 2-3 years....

So that can really limit your ability to get into a property at a discount.

.- No deal is better than bad deals- Take time to learn- Be comfortable with our ability to analyze deals + rehab cost before jumping on a dealHappy learning!

Those with limited resources are usually lacking in the ability to pay for repairs, so you have deferred maintenance, not just with the home but perhaps with everything, like cars, so you may also get junkers in the driveway.

As that is a good suggestion to secure financing prior to purchasing then you can prove that you have the ability to purchase.

The ability to demonstrate it is invaluable.

And owners should be advised to conduct their own due diligence on the prospective tenant-buyers ability to pay.

and to answer jeffs question these guys have done loans before so their ability to perform is good.