Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained

We launched HomWork, in 2018, with the intent of acquiring SRO properties that we can remodel and remarket to digital nomads and remote workers.

I'm planning to launch my long term rental portfolio in 2025.

If cash flow is what you are after, set up a coffee trailer, wash houses, sell digital assets, launch a Shopify store, set up ATMs, buy a title company, coin laundry, a party rental business a car body shop etc.. and then invest the cash flow in real estate!

I get CC offers on LLCs I establish within months of launching them.

We are also working on export to Word doc functionality for the SOW which will allow you to export the SOW to Word so you can make additional customizations.I'm a bit of a perfectionist and still want to improve the functionality of some of our tools before we start charging for the software, but I think we will likely be ready to officially launch sometime in April. 

We are building a 10-unit semi-luxury condominium in Brooklyn. 

Just before we launched our first couple MTRs we started reaching out, networking, and pitching our model to local companies.

On the bright side I believe there’s a vaccine that’s supposed to be launched at the end of 2020 early 2021🤷🏽‍♂️  

However, a lot of condominium communities have clear guidelines on rental restrictions that often prohibit leases less than 6 or 12 months.Before paying for a really nice high-rise, please make sure you will be able to monetize it the way you'd like prior to purchase.Best of luck.