For a first purchase, what programs would you suggest comparing (conventional vs.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy + tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Hi Ruth, I am with The One Brokerage and have access to a Buy Before You Sell program.

Has anyone taken the Brad Smotherman course, is his program legit?

BTW, she was NOT a graduate of some guru mentorship program; she read some basic real estate text books, attended REIA meetings, took a community college course on real date principles, and was willing to do the work that most people (my self included!)

Take out enough cash to renovate the home and after renovations again in another 6 months do another cash out refinance and take out more cash to use as a down payment on another REI since rates will continue to drop and lower the rate.If you have any issues with (DTI) debt to income ratios since you just purchased a home you can use a DSCR program.

After reading IRS publications I found out that K-1s must be issued starting from the first year even if the company had no income.

The Florida Housing Finance Corporation (FHFC) is the primary administrator of these programs.

It's a wholesale and flipping mentorship program that they are selling. 

The main DSCR programs I see are those for 1-4 units and another program for 5-8 units.