All Forum Posts by: Scott Lieberg

Can anyone recommend a crowd funding or crypto funding platform? 

Let me know.

Also 1 months rent if thru Realtor in MPS is going rate commission

Houston about $85 per door = PM

Thank you for your straight forward answer. The lender using this guideline is part of an $8B company. As  a FNMA underwriter for an S&L, I signed off about $300,000,000 in the old manual days of the "80s". Then I got my CA Broker License in 1991. I would rather have two loans in a good subdivision in TX than even one more in CA.

Based on your advice, I may move forward with this property. But if I miss it, properties are like trains, there will be another one along. Again, thanks for your solid reply.

No, this is a FNMA rule being applied to a 4-5 year old, seasoned, built-out SFR development. I have identified a property 5 blocks from a recent acquisition and my FMNA lender in TX says I can't buy because the property is in the same subdivision. Can anyone cite the FMNA Guide rule in their Rapid Acquisition restrictions that supports this turn down?

If a borrower has 2 new loans in 12 months, we fall un der Rapid Acquisition rules.

Search FNMA Rapid Acquisition rules.

Can any one cite the rule that under the Rapid Acquisition program that after the second loan in 12 months, the borrower cannot take out 2 loans in the same subdivision? Does the seasoning of the subdivision have anything to do with it?