I have an area and investment strategy in mind but when I went to get pre-approval for a loan I hit a wall - the local lender I approached told me that my DTI is too high.

It's best not to use pre printed agreements.

(This one is rolling around in NJ, only cost about $3,000 for the full wrap, and he estimates it has paid for itself 20x over...).  

I am interested in pre-foreclosure investing and would like to better understand how I might make that work.

Here is the banks reply,"Hello there, I do have new construction programs rolling out at the end of this month, however, these are only for single family dwellings so they wouldn’t allow you to build the type of triplex or fourplex that you are looking for, I think you would have this problem with any bank.

Does it have to do with the fact they are nicer units and dont require so much repairs.I usually do pre numbers by the 50% rule.

I think it would be beneficial for everyone if we got a 'wholesaler' roll call going for Houston, Texas.

lolAll of the framing was done in-house, except for rolling the trusses and sheathing the roof.

One caveat, however, is that if you have bought into a condo building pre-construction, it can take six to nine months for the market to absorb your unit for lease.

That is how I get access to Pre-market REO properties.