Key takeaways
- 30y fixed; 20–25% down.
- Personal income qualification.
- Cap of 10 financed properties.
- Best rate available.
- Strict reserves requirement.
Core concepts
Product
30y fixed; conforming loan limits.
Qualification
DTI 45% max; reserves 2–6 months.
Cap
10 financed properties per borrower.
Step-by-step framework
- 1Pre-qual with mortgage broker.
- 2Document income + reserves.
- 3Lock rate.
- 4Close.
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Common mistakes to avoid
- Maxing conventional cap on small deals.
Frequently asked questions
Rate spread?
Investment ~75 bps over primary.
Down payment?
20–25%.
Reserves?
2–6 months PITI.
Cap?
10.
Action checklist
- ☐Pre-qual.
- ☐Documents.
- ☐Reserves verified.
- ☐Cap remaining tracked.
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