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All Forum Posts by: Jeff Chisum

Jeff Chisum has started 7 posts and replied 177 times.

Post: Lending on investment properties NOT in LLC

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 194
  • Votes 111

This is my specialty!  Happy to help

Post: Buying high end STR and after a few years what to do?

Jeff Chisum
Posted
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  • All 50 States
  • Posts 194
  • Votes 111

It would be good to know where those pipelines could be created and maybe establish some key relationships in advance.

Post: Looking for an IRA Non-Recourse Loans/Lender

Jeff Chisum
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  • Posts 194
  • Votes 111

I used NASB.  I did a podcast episode on my experience if you want to take a listen

Post: What type of mortgage should I get?

Jeff Chisum
Posted
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  • Posts 194
  • Votes 111

Primary?  

Post: Should I refinance before switching jobs?

Jeff Chisum
Posted
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  • Posts 194
  • Votes 111

When you say similar pay do you mean amount or will you also be paid the same?  Salary, hourly, commission, bonus, etc…?

Post: Tips and tricks for getting a second conventional mortgage?

Jeff Chisum
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  • Posts 194
  • Votes 111
Quote from @Nicholas Goerss:
Quote from @Jeff Chisum:

If you run into debt to income challenges you can get a lease in place prior to closing in order to offset the debt.  That would be identified through the pre approval process if done properly.  We do 90% of the work up front so there are no issues once a contract is executed.

Is it difficult to get a lease in place if I still live in the home I plan to rent out? I have all of my belongings in the house. 

 That can be market specific.  Maybe a good question for a local REALTOR or investor group in your area

Post: Tips and tricks for getting a second conventional mortgage?

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 194
  • Votes 111

If you run into debt to income challenges you can get a lease in place prior to closing in order to offset the debt.  That would be identified through the pre approval process if done properly.  We do 90% of the work up front so there are no issues once a contract is executed.

Post: Don't use The Mortgage Shop

Jeff Chisum
Posted
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  • All 50 States
  • Posts 194
  • Votes 111

I did a few podcast episodes on what to ask and beware of when working with DSCR lenders. First red flag is if they say that they will shop your deal with a few different investors. Relationships matter. Losing control of the process matters.

Post: Electronic Lock Recommendations

Jeff Chisum
Posted
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  • Posts 194
  • Votes 111
We are in the Ozarks on a lake so a lot of humidity.  We fried a couple of them before we figured out the problem.

Quote from @Christina B.:

@Jeff Chisum That's such a smart idea! I have tons of those moisture absorber packets (from supplements, etc.) and will bring different sizes to see what works next time we swap out batteries. Hopefully, someone else can chime in if there's been a redesign.

FWIW, we have a physical back-up in place in case of smart lock failure (maybe at -44F?) so our guests have options. (No joke: on Jan. 21, a low of -44F was recorded in our same county, Grand County, for a nearby town called Fraser Flats. The weather service noted it might end up being the coldest temperature nationwide for Jan. 21, including interior Alaska!)


Post: Electronic Lock Recommendations

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 194
  • Votes 111

Schlage Encode with a moisture absorber in the battery compartment.  Anyone know if they have made a redesign to seal off that area?