DSCR loans are generally done in the name of the LLC (or whatever non-personal name entitle owns the property), so I'm not sure why you're being told they can't lend to the LLC, unless you're trying to get a traditional, consumer mortgage.

I just think it is important for consumers to realize that they cannot use Handymen for everything (of course depending on their state as you say).And yes, better to jump in and get going.

It is only one paragraph, but in consumes the ENTIRE page because I use a HUGE font.

This is getting very tedious and time consuming.

If someone represents themselves as private lenders, check them on NMLS consumer access to see if they are licensed.

Check out our comments on Pissed Consumer for more about this poor excuse for real estate investing software.

2- if there is a “problem” Will the “solution” discussed solve it in a cost effective, consumer accepted way?

@Luke H.If the buyer is living in the property now it’s a consumer loan compared to a loan to an investor and will kick in a lot more regulationsYou can’t do a balloon less than 5 years, need to have it serviced by a licensed servicer, will have to go by interest rate usury laws, collect escrow…..I would not loan on this property to an owner occupant

I can do that through charging points, but since I'm getting it at a lower rate than you could as a consumer, I prefer to mark up the rate while still being lower than most others in the market.

I'm SURE you mis-spoke and meant to say, he's a close friend that I am trying to help but it was not my intention to "fix his credit".Debt Relief and Credit Repair Scams"The FTC has brought scores of law enforcement actions against these bogus credit-related services, and the agency has partnered with the states to bring hundreds of additional lawsuits"SOME CASEShttps://www.ftc.gov/news-events/topics/consumer-finance/debt...Financial Education Services (August 5, 2024 )Panda Benefit Services, LLC., FTC v.