My portfolio has a value of around 5.75Mil and I have 2.7 Mil in debt, including my primary, at an average rate of 3.86%.In addition to this I have an S-Corp consulting business.

The builders took up additional loans exceeding market value of would-be property, while keeping me in total dark.

If they put an outside space to eat that is substantial then you decide if you want to charge a certain rent per sq ft for that as the business is generating additional sales per ft.No legal advice given. 

Hi there, in addition to this Rental Property analysis, I also posted a BRRRR analysis earlier today. 

A legit one will include you Actually submitting tax returns, W-2’s, bank statements, etc. in addition to a credit report.Oh, and get one for the max you are approved for, regardless of how much you plan on borrowing, it shows you are a stronger candidate to buy.

Jordan your additional insights on West Chester rentals in general are really beneficial for me (or anyone) learning the ropes by analyzing deals in areas outside of more suitable neighborhoods and price ranges.

I know through traditional loans the banks like to see a seasoning of funds for 2 months but I would like to be able to offer on properties as I am already pre approved just need help with the additional amount needed.

These are professionals with additional training and a stricter code of ethics.

@Mary JayThe others answered your questions, but I will add, it really depends on the property and what you vs.

Del Forno manages properties in Hudson, Monmouth and Essex Counties.I sent you a message with a little bit more detail, don't hesitate to reach out if you have any additional questions.