Property Submission Form
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Property Submission Form 〰️
The email and phone number provided is where updates will go to for subject property.
Dropbox Folder for subject property not required for submission but will help with accuracy of estimated offer.
The Lead Manager is who the point of contact for the property will be
What to Expect :
Once a property is submitted it will be taken to stage 1 of underwriting. Stage 1 involves finding the after repair value (ARV) of the property and quick filtering properties that have no chance of working.
Comparable Information to assume used will be : within a .25 mile radius, crossing no major intersections, within 500 square feet of subject property, similar design or materials used, similar bed-bath-garage-basement- floors count, within 40 years of age.
After the property has gone through stage 1 of underwriting, There will be a message sent to the provided email and/or phone number for either notice of stage 2 taking place, which is processing in final underwriting, or denial due to a specific factor (if due to price, an offer will be sent alongside denial).
Finally, stage 3, there will be a message sent to the provided form email and/or phone number outlining acceptance of property and requesting to send the PSA to a specific email or the property will be denied in a similar fashion as the previous stage, outlining why it a little deeper detail.
Things we consider : scale of rehab, estimated time to sell once finished, overall margins for various factors, lendability, cashflow potential, and ease of purchase.