One of the biggest misconceptions in real estate right now is that every “good deal” is financeable. In today’s lending environment, the deals getting approved usually have a few things in common: * Strong cash flow or a clear path to it * Reasonable leverage * Clean exit strategy * Realistic rehab numbers * Borrowers with liquidity and reserves * Markets with stable demand and rental activity A deal can look amazing on paper, but if the numbers are too aggressive, the rehab is under-budgeted, or the exit depends on perfect market conditions, lenders are going to hesitate. For DSCR and investor loans especially, lenders are paying close attention to: * Debt service coverage * Property condition * Experience level * Rent viability * Market stability * Time in project One thing I’m seeing more often: investors who build multiple exit strategies into a deal tend to have a much easier time getting financing approved. For example: * Flip → Rental backup * STR → Mid-term rental backup * BRRRR → Conventional refinance fallback The more flexible the deal, the stronger it looks from a risk standpoint. Curious what others are seeing right now: What’s the #1 reason you think deals are getting denied or approved in today’s market?