In my opinion, this is a very weak history of their ability to repay debt even though their actual scores do meet my minimum requirement of 650.

([bankrate.com][2])Key Considerations:Equity Requirements: Lenders typically require you to retain at least 20% equity in the property after borrowing.Credit Score: A higher credit score can improve your chances of approval and secure better interest rates.Debt-to-Income Ratio: Lenders assess your ability to repay by evaluating your income relative to existing debts.Loan Purpose: Clearly define how you intend to use the funds, as some lenders may have restrictions.Next Steps:1.

Like ability to close?

., wet bar, washer/dryer, bathroom).For Condos: A new tentative tax lot number must be obtained from the NYC Department of Finance before filing.Why a Knowledgeable Expediter Makes All the DifferenceEven with well-prepared drawings, the success of your filing often depends on your ability to work the system—accurately and efficiently.

There’s a stronger sense of control and liquidity, which is likely why more financially engaged communities might expect it to rank higher in perceived value.Real estate has huge potential—but you're right, the value is only as powerful as the owner's awareness and ability to leverage it.

Now, if you know in advance that you have no intention or ability to buy the property, that is probably illegal.

@Wayne Kerr @Calvin ThomasI need to address some concerning elements in this thread.

I won't claim to know if that is legal or not but if there are any attorneys on the bigger pockets platform, I would be very curious to hear their opinion on whether a sponsor has the ability to unilaterally erase an investors capital.

I am generally in favor of purchaseing investment real estate in an LLC but one of the exceptions is the ability to acquire a property using FHA financing.

@Christopher Smith there are many...but in my opinion really only three companies out there that offer the ability to 721 into a large and diversified REIT that i'd feel comfortable with.