Hard to believe that many didn't underwrite the deals better.I guess it can be missed but you gotta account for "Black Swan" event's Jamie Dimon style like the current interest rate fiasco.7 years fixed is no where near as 30 years fixed...Now the pants are down ehhh 🤷‍♂️

He's a young fella and while he won't be ready to buy anything in the immediate future, he will want to be out of this deal at some point so he can free up his credit, etc...

@Slaven Slugic, get hurricane shutters for the time being in order to receive the wind mitigation credit for insurance purposes.

It is possible to buy Non-warrantable Condos with the help of local Credit unions.

I don’t have experience on record and my credit is low so I can’t get a loan on my own .

I like the idea of a lender looking at the deal and not pulling my credit (again), but I'm wondering how paying such a lender back would work, considering a (likely) higher interest rate and short amortization period.

I think it takes a while for your credit score to establish.

He may have contractors in the area, and or realizes that price appreciation is going to occur.3.If the property is held in a retirement account, no tax will be due on the interest payment received, either Federal or state.  

Credit background employment.

How would you screen high quality tenants based on what criterial; credit score?