Ronald Lim is the author of the professionalized Condotel Concept in the Philippines wherein unit owners in the rental pool get equal rental income per square meter; per month.

I am filling out a prequal form for preconstruction loan and they are asking to verify that i have 25,000 in assets, credit above 680 and at least 6 months of mortgage payments available.

I know whan I sold cars that if there was a person with showable money/assets but no credit, he/she would need a co-signer with the credit...BUT, the lenders still may require the co-signer to show the good debt to income ratio, not just the great credit.

Instead of maximizing cashflow, I'd opt for the equity/asset benefit, and just make sure you're making a $100 - $200 spread on the rent vs. mortgage/expenses and make your money by extracting whatever equity you do have in the property once you buy it and investing that either in mutual funds, annuities, IRA's etc, or using it as leverage for the next buy.

Oh and less not forget - they want to make sure - the person who is selling it - has AUTHORIZATION to sell it!

Hi all, Asset manager here, I've worked for a couple of different REO companies and am now working for a start up.

To that end, I'll throw out that we have excellent credit, strong assets & some cash, and stable employment to bring to a partnership with the right person and the right opportunity.

i love how the average home owner thinks of their personal home as an asset and they all talk about the "interest" they "write off" at the end of the year.

I have never run into this problem myself, but I have to pitch in my ideas.First and foremost: if you ever went to court then I am sure the court would say the management company had "apparent, but not actual" authority to request the maintenance services.

If you have a score of at least 660 then a conventional NIVA (no income or employment with verified assets) may be available.