What is the Norris Group looking for when considering my application?
The Norris Group first and foremost wants to make sure you have a positive outcome on your transaction. We will review your ability to repay, credit-to-debt ratio, cash reserves, the area in which you plan to invest, and also your experience level. Larger cash reserves can overcome lesser credit and lack of steady income but not vise-versa. Experience is good but not necessary. The Norris Group is constantly finding and helping new clients. First time investors encouraged to apply! A note on the market: In a declining market, investors must be familiar in the area in which they plan to invest and understand how to successfully approximate future value of the property as well as home repairs. Not knowing, or understanding this, has been some of the biggest and most common mistakes we’ve seen over our 10 years in the business (not to mention costly). As an example of understanding your market: How much have prices declined? How much of a decline are you factoring into you holding time an
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- What is the Norris Group looking for when considering my application?
