Our public institutions for "higher learning" are primarily filled with "instructors" who are FAR more interested in instilling extreme political views on our young people than providing the the skills for such mundane and pedestrian pursuits like .. earning a living.

It's completely non-binding to the lender but the seller may see two offers, one "pre-qualified" and one "Already fully approved for the loan" pending verification.

Depending on your job income and if you are not bogged down by obligations and are skilled at a trade you can start a service business with very little money and use that money to fund your REI business.

Can someone give this newbie a quick and dirty idea of what lenders look for when I go to qualify for a loan for an investment property?

A skilled script kiddie or hacker can develop programs that do not get widely distributed and go under the radar of reqular virus and malicious code detections.

Your tax-free exclusion is up to $250K per person, so you absolutely qualify for a $250K exclusion if you live in this property as your primary residence.

I think the most important qualifier would be, what is your purpose of the website.

Requires low income to qualify usually.

I'm a Qualified Intermediary for 1031 Exchanges and also an investor.

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