What's your ability to cover the additional payment required during vacancies?

If a borrower walks into a lender's office and expresses great concerns as to the condition of a property, its income potential, their ability to pay, or some other matter, do you really think a lender is going to force that borrower to proceed with a loan?

You'll find that a duplex is easier to get into due to comps being available over 3/4 unit SFDs to be owner occupied, always consider financing alternatives and the path of getting there.Take care of your own backyard first, it demonstrates your understanding of property maintenance and ability to pay a mortgage, taxes and insurance, when seeking investment loans. :)

Hi Everyone,I'm presuming that I'm not alone in this and would love to hear how others deal with this situation:1) employee at a company that offers a small matching on 401k2) owner of properties with cash flowWhen I was a single employee owner of my last company, I was able to put together a Solo 401k which has really fantastic tax advantages (one of which was the ability to contribute up to $53k annually (that's 2015 #s) ) to the plan.

My national guard service has been in operations and logistics and has benefited my abilities as a project manager for our recent investment.I look foward to flipping my first property in the near future and picking everyones brain in the process.Please forgive me if i do not reply right away as i am on temporary military assignment.Take care everyone and good luck making your pockets bigger."

Nothing is impossible but unless you have a focused goal, patiences, the ability to defer gratification and crystal clear process and systems it will never happen.

I look forward to getting to know everyone, and someday have the ability to help others!

I get that the ability to deduct passive losses phases out completely over 150k and that they carry forward.

If things like "ability to pay", "loan servicing" "Dodd-Frank", "predatory lending/dealing" is not mentioned, stay away from doing anything suggested.

We still ensure our end buyers have the ability to pay per the regs, of course.