I have found the most important qualification other than credit is a business track record or at least an understanding of business and the Real Estate market and demonstrating the ability to pay the loan back. You can have your own money, but lenders will be much more resistant to lend if they believe you can't perform or control the process to safeguard their investment in both YOU and the property. Design a resume that highlights your strengths and a business plan. Removing unknowns is key to obtain capital.
Sep 18, 2015