Quote from @Brad Roche: The other thing that is great for the FHA 203K loan (not sure about the Homestyle loan) is that you can kick the payments out to 6 months of ownership (so close today and make your first payment July 12th 2025) if you are fixing up the home.

My thoughts on this platform are that it's another money grab.

But there are a few ways to shake things up:Cash for Keys: Offer them money to move out.

If you have access to some money you can increase your equity in one jump.

They pay for themselves and put money in my pocket to build up a reserve for the next purchase.

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.

(Assuming quality of service doesn’t decrease.)No matter how you look at it, that is a ton of money.

I originally used liquidity from a refi, HELOC, and a personal LOC to make the purchase and then refi'd that money out after closing.

Make sure you are going to get your money's worth.One more thing: Matt claims they have now fixed their staffing issue and fine tuned the business.

Tell them you are losing money and can't afford to let it continue.