You may also qualify for a tax credit.

Work with them on it.Employment is good - you would have a very hard time qualifying without being able to show 2-years of consistant income from your job or industry.Good luck!

Most of the rehab properties in my area do not either qualify for or accept conventional loans.

You need to know you are dealing with qualified buyers, so you need to know what they must do to buy anything.

In low income areas, you generally have to offer seller-financing, since most can't qualify for a traditional mortgage.

We did a hotel deal that was finalized in getting a commitment on the phone in probably about 30 minutes, but: That isn't done by just anyone unless you name is Walton or Gates or Buffet or other very wealthy folks, where you might have some opportunity or cause and the investor(s) have knowledge of your offering, your reputation, your abilities to perform and where that fund raiser has the financial expertise and social skills to carry off such a commitment.

The son is moving to a new city and my tenant simply asked if she could keep the son's dog for a few months while son was getting settled.If it were a small dog, we were inclined to accommodate her because she is a good tenant and will likely buy the house at some point - she has great credit and just needs to show enough self-employment income this year to qualify (IOW, take fewer business expenses and legal deductions).The picture is from the application.

David, I am looking at owner occupied so as to qualify for FHA.

For your first property you cannot include the rent from the other units to qualify.

It isn't easy to get 2nd mortgages or lines of credit on investment properties.Anyway if you can qualify for one why not just start there?