All Forum Posts by: Fernando N Cruz

Awesome! Thank you, @Michael Glist.

Thank you,@Torrell Palmason for the info! I will be looking into this. Could anyone recommend a Non-QM DSCR lender in the Houston, Texas area? Thanks.

Thank you, @Jason Shackleton! I will be calling different lenders. I appreciate the info.

Hey, Bigger Pockets! I am thinking of making the transition to full-time Real Estate. We have a few rentals under our belts and have a 3rd under contract through hard money. Is there a way to get qualified for refi if I wouldn't be able to show 2 years of work history if I quit? If so how would I be able to get more rentals in the 2 years without employment history? Thank you.

Hi everyone! My husband and I are newbies in real estate investing, we have 2 rental properties already and are looking for our 3rd one! With this property we have to use HML and we know very little about the investment world, and have some questions... I am a licensed realtor but have never worked with an investor. My questions are the following:

1 - when using HML, that's considered financing therefore do I use the 3rd Party Financing Addendum or is there a different addendum that I need to use?

2 - regarding the earnest money, this portion would be out of our pocket correct, not funding from the HML?

3 - any advice on how to compose the offer, do we use $1 for earnest money or make that like $5k to make the offer look better? < I guess that's dependent upon the answer to my question above and if we want to have our own money tied up in the deal.

Thanks in advance for your time and advice!

Jacqueline