Hi AllWe are selling our gas station/property and provided the buyer with the past 3 years business tax returns and are doing an inspection, but I received an email form the buyer saying their banker is asking for my Schedule E, why would they need my Schedule E for the loan?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

We plan to build 10 duplexes around OSU and keep them for ourselves for passive income.

. - based on personal Income, Credit, DTI, etc (1-8 days)3.

We are shooting for 3x income, but might settle for as low as 2x, if the person seems like a good candidate.

If you are looking at a STR deal in the Smokeys, I suggest using a DSCR loan to buy something turnkey and just qualify with AirDNA projected income.

The amount of people relying on RAFT for first, last and security is extremely common in lower income areas since they are typically living paycheck to paycheck and it is hard to come up with deposit to move into a new place.

It’s tax season!

Quote from @Avi Zarbavel: Hello Bigger Pockets, My team and I are looking for a tip to point us into the right direction of She would need to qualify income wise and family size wise and apply to the housing authorities likely in the Cleveland area.   

DSCR loans won't use your income to underwrite the loan.