So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Why do most lenders shy away from property type: manufactured, during refinancing into DSCR? 

Wishing you luck as you learn and grow in this industry!

Quote from @Ken M.: Quote from @James Jefferson: Hi, I have a family member that had a reverse mortgage on their property it's a 3b 1b 1 acre of land heats by oil no hvac and on well water.

Depending on your states statutes and because they are on a month to month, give the proper notification that xxxx change will take affect starting 30,60,90 days from now. 

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

Or really they were ALL pre foreclosures when it was legal to do this in OR and WA laws changed in 08.

Quote from @Mark King Sanders: I am now beginning my real estate investment journey.

To avoid pitfalls, research liens, check property conditions, and set a max bid before buying.

Quote from @Doug Smith: When we started this company, I had been a special assets officer (handling non-performing loans for banks trying to extricate them from the deals with as little damage to them as possible) during the last big crash.