Non-QM loans are designed to accommodate borrowers with non-traditional income sources or those who may not meet the typical requirements of conventional mortgages.Here are some steps you can take to find a lender who might be a good fit for your needs:Mortgage BrokersLocal Banks and Credit UnionsReal Estate Investment GroupsOnline Mortgage PlatformsProfessional NetworkReal Estate Networking EventsWhen communicating with potential lenders, be transparent about your self-employed status, income, and financial situation.

Most of the time it is qualified by income, typically you need to make 80% or less of the area median income of where  you currently live. 

So i guess what i was trying to say was its the highest median income as well as the safest ZIPCODE in that county?

I am a high income professional blessed with a schedule which allows for significant time off I'd rather spend with my family and hopefully investing rather than selling real estate for the commission (I'd rather work extra at my job).  

I haven't been able to renovate the property like I had wanted (and thus charge higher rent) but it is income producing and we have a good relationship. 

Having the S-corp also helps with "real estate professional" status and could potentially give you limited active income for specific write-offs and an ability to contribute to a retirement account.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

As a landlord with numerous Section 8 tenants, I can attest that participating in the program can be a great way to secure reliable rental income.

I currently lead a family group of real estate entrepreneurs/novice investors who are looking to supplement our current incomes, build wealth and create financial independence for ourselves and future generations. 

Is it the freedom that comes with income from properties, building a lasting legacy, or growing your wealth?