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25 August 2024 | 18 replies
They also have a Coaching Program, run by 3 people who are members.
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27 August 2024 | 12 replies
Hey Jephte,Most DSCR lenders are going to have significantly less seasoning requirements, usually around 6 months, and honestly, you might be surprised at how competitive the rates would be.I know of a program that can refinance at 90 days seasoning with rates in the 6s right now, just sent a DM and would love to see if we can help.Good luck!
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27 August 2024 | 15 replies
My BEST advice is that unless someone is going to invest a lot of time in education and money to gain hands on experience, they’re better off investing in passive investments and leaving the “heavy lifting” to the people for whom investing is a full time occupation. 100% agree - and for me full time occupation means actually doing it full time and not running around the country selling some $50,000 program.
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26 August 2024 | 24 replies
"I am not a good lender for this program, you should go to..." or "that seller carry on a residential transaction is not actually possible in the lending landscape of today" etc).3) Better rate, wrong program.
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26 August 2024 | 5 replies
@Kyle MasonTo increase your loan amount, consider strategies like increasing rental income, co-signing with a co-signer, using portfolio loans, negotiating seller financing, down payment assistance programs, paying down debt, and considering alternative loan products like DSCR loans, non-QM loans, and bridge loans.
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25 August 2024 | 8 replies
Getting a new roof is important for ensuring that the property meets the standards required by most loan programs.
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26 August 2024 | 13 replies
Lenders are now recognizing ADUs more accurately, especially as national programs like Fannie Mae and Freddie Mac incorporate them into their guidelines.
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27 August 2024 | 11 replies
Philly requires a period of 30-day "eviction diversion" program phase.
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26 August 2024 | 37 replies
This is true whether those clients were on the optional recordkeeping program or not.I don't have a lot of details and am not personally involved in this program, but I have experience with SEPiraK separately and they are a quality operation.You can reach out to info at sepirak com to learn more.
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26 August 2024 | 14 replies
In the beta program, tenant's reactions have been mixed but it may be a generational issue over who is more apt to want pay online versus by written check.