Hi BP!I know typically lenders want verifiable employment for at least 2 years to qualify for a loan. If you lost your job, and then gain new employment at a higher salary within the same industry a few months later d...
Is it typical for lenders to allow 75% of rental income on your previous property to help you qualify for your next property? Would love to hear your experience with lenders and scaling your portfolio with the right o...
Let’s discuss the criteria for properties to qualify for a 1031 exchange. What types of real estate have you successfully exchanged?
I left my corporate job last year to stay home with my daughter and focus on our real estate business. I'm trying to determine if I can qualify as a real estate professional. I know you need 750 material hours per yea...
what is the difference between pre approval and pre qualification in lending?
I have a few questions about qualifying as an individual for an owner occupied sfh with conventional financing. these will be specific to a newly divorced woman applying for the first time on her own.
1) is w2 inco...
Hello everyone,I am going to apply to assume an existing loan on a 25 unit property that I have under contract. The company that the loan was originated with said that their basic qualifications are that I have a net...
Greetings ALL!Im a new investor looking to collect 70 commercial multifamily units!My question for you is: What are the qualifications that need to be met in order for a commercial multifamily loan to be granted? (I d...
Hello, I wanted to hear your opinion on my preliminary qualifications below, even before I give them the Renter's Application to fill out:=======To qualify I have a min requirement of Household monthly income to be a...
A professional gambler friend of mine wants to buy a house. Since he is self-employed, the only records of his income are his annual IRS forms.
He's planning to present forms with enlarged figures for his annual inco...