Put it like this: if I let you borrow money from me at a locked in 4% how much would you borrow and when would you like to repay all debts and interest?

Total Cash NeededBy Borrower:$19,350.00 Monthly Income:$4,800.00Monthly Expenses:$3,905.92Monthly Cashflow:$894.08Pro Forma Cap Rate:7.73%NOI:$33,259.00Total Cash Needed:$19,350.00Cash on Cash ROI:55.45%Purchase Cap Rate:8.11%

I have researched lending limits and have worked really hard to get us squeaky clean credit and make us attractive borrowers. 

(d) Solicits borrowers or lenders for or negotiates loans or collects payments or performs services for borrowers or lenders or note owners in connection with loans secured directly or collaterally by liens on real property or on a business opportunity.

My team and I are trying to test a product that will help bankers, lenders, and brokers on their underwriting and credit analysis of a borrower and their investment.

I always recommend that a borrower has a pre-approval first.

The 203k loan requires that you have the work done by a licensed & bonded contractor etc and they can't be related to the borrower. 

Philip,If you dig up great real estate investments (this being the key), and you can borrow the debt, you can find the capital you need (equity partners).  

Every time I am in town I go to lunch with our banker  We show him our projects why we are there... its so critical to have those personal relationships if you want to borrow any serious money form local banks.

While smart on FHA's part, made it a lot more difficult for buyers/borrowers using FHA's program to purchase in higher cost markets since the rent to price ratio typically needs to be at .90% or higher (approx) to make this SS rule fly.Freddie Mac Home possible is another program that is promising to lift this requirement and still offer a very competitive low down payment of 5% for 2-4 unit properties.There are a few stipulations and an income restriction for the borrower to qualify, but in most metro  areas  there are no income limits in a predominant area of the city.