Question for those who have had pre-rehab appraisals done for financing a combined purchase/rehab loan.

Don't make them angry or they might spit in your food.  

Recently I applied for pre-approval in order to start looking for small multi-family units to do an owner occupied house hack, I was, unfortunately, denied pre-approval due to my low income.So I had an idea and I was wondering if this is 1) Legal/Feasible 2) Effective/Smart or Not.

I’m ready to retire and sell you some of my properties as a package deal as well.

I am happy to report, per the chart below, near term lumber futures (1 month out) have finally hit pre-covid levels and we should really start to be putting pressure on our suppliers be it HomeDepot, Lowes, BMC, or any other local supplier you source from. 

This formula will help educate your clients and help you pre qualify potential prospects with nothing more than a pen, pad, and a conversation.

Everything from food, to clothing, to transportation, every item of spending I can live without, I'd live without it. 

Also, in very rural areas you may lack the food, entertainment, infrastructure (reliable high-speed internet and cell service), and lifestyle that you may want.  

Just some food for thought, make sure you look into what the carriers are like to deal with when you truly need them. 

Just some food for thought.