All Forum Posts by: Katherine Blazer

Lenders will require season before refis. Seasonin can mean time you have had title in your name or time you have had tenants in place. You will want to clarify this with other lenders you speak with.

You got it! Alot of my non-qm lenders (just means that banks hold that mortgage in house, and do not sell it) require reserves for your entire portfolio. So if you have 6 properties, you would need to be able to show money in accounts to pay all 6 mortgages if you did not collect any rent. Ours only requires it for this one property.

Absolutly not! We all started somewhere! Congratulations on taking the first step! I am happy to talk or answer any other questions you have.

Katherine

Originally posted by @Angelique F.:

Originally posted by @Katherine Blazer:

The ones I work with are on a 3-2-1 schedule so 3% the first year, 2% the 2nd, and 1% the 3rd. Then it falls off. It's actually a really good program because it doesn't require any seasoning at all and only requires 6months of reserves for the one property, not your whole portfolio.

1. Forgive me Im really new at this private money stuff, but when you say it falls off after the 3rd year, do you mean it remains at 1% until its paid off?

2. I havent heard the term requiring seasoning yet so can you tell me what that means?

3. and I've not heard a lender mentioned reserves yet either, but I assume that means I can prove I have funds to cover 6 months worth of installments?

4. and I dont have a portfolio yet/this would be my only property to start so am I too green of a client for your product?

Thank you:)

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You can find all the info and get the log in link here https://www.eventbrite.com/e/r... @Justin Rea @Isham Zabala

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You can log into ours out of Sarasota. It is virtual this month with Kari Lyke out of Orlando.

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Welcome to REI Live SRQ March Meeting! We will be hosting this meeting virtually so make sure you RSVP to receive your link! March's meeting will be on March 25th at 6:30 pm EST and will feature Kari Lyke!

Kari Lyke is the Founder and Host of The Investor Warrior Podcast, a show designed specifically for those who want to use real estate to generate more time, more money, and more freedom so that they can enjoy more of the things that matter most.

Kari manages the real estate portfolio for her company, KBH Corporation (AKA, Kari Buys Houses)

After attending college and grad school, 7 years of higher education, and a secure job in the medical profession, Kari realized quickly that she wanted more out of life than clocking in and out and waiting for those 2 weeks of vacation

Kari then replaced her medical professional income in little more than 6 months, after becoming active in the real estate investing field.

Kari has now been a real estate entrepreneur for close to 9 years, where she has managed 200 real estate investment transactions, all without the use of banks, or credit

Fun Fact:

In 2010, Kari submitted Mount Kilimanjaro with her soon to be husband

Social media handles:

Podcast: The Investor Warrior with Kari Lyke

IG: @kariLyke URL: https://www.instagram.com/karilyke/

Facebook:

Kari Lyke (https://www.facebook.com/KariL... Buys Houses (https://www.facebook.com/karibuyshouses)

Youtube: The Investor Warrior - Fearless Investing with Kari Lyke (https://www.youtube.com/channel/UCDLpS0dVRKgN-QWIbsvhXGg)

LinkedIN: Kari Buys Houses (https://www.linkedin.com/in/kari-buys-houses-77a423148/)

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Welcome! I am out of St Pete. I work a lot in Clearwater and Largo!

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Collective Lending can help you with traditional financing in the state of Florida as well as private money loans on a 30 year fixed with no seasoning!

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@Precious Luster Hi. I am an active investor and Lender in St Pete. I love the area. Happy to answer any question you may have!

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@Elizabeth Beard 100% agree and I am sorry that happened. I said last year that I wanted to find my women in REI and in the last 8 months we have built a group of around 40 women in that Tampa Bar area that all work in some form of real estate investing. It has been a true blessing. I hope you can find your group so you can just share resources!

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All Forum Posts by: Katherine Blazer

Katherine Blazer has started 67 posts and replied 322 times.

Post: Cash out refinance 3 mos. after holding title?

Post: Private money 30 year fixed, prepayment penalty?

Post: Private money 30 year fixed, prepayment penalty?

Post: Real estate investor meet up

Post: Real estate investor meet up

Post: REI Live SRQ- Kari Lyke - Use Creative Financing to Finance Your

Fun Fact:

Social media handles:

Post: New Member from Largo FL

Post: Looking for Loan Officer who can help with financing rentals

Post: House hacking in Tampa

Post: Sexism in REI getting under my skin