For them to come yes them along and sell them a project in the Everglades and a coaching program that was xeroxed from Carlton Sheets.People are just babies and only want to hear how good they are even when they come to the forums because they don't know anything.

I believe he meant to reference this particular program, to have the limit changed to 5%. 

Any non QM/portfolio lenders here on BP familiar with the owner-occupied programs that are out there?

I unfortunately didn't find any value in the program. 

I have worked with EasyStreet in the past and have closed loans for my clients using their program.At this time, I am currently using a different program for short-term rental purchases and it has been performing really well this year.

This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.

This criteria is for 1-4 and 5-8 unit programs.

I also like their approach to managing properties acquired outside of their turnkey program... 

@Christopher Phillips   maybe i'm reading this wrong, or it works differently in NY, but a 6% seller concession normally means the seller is giving the buyer 6% of the purchase price to use however they want in the transaction - be that for closing costs or principal reduction or down payment, whatevs.A seller typically doesn't have a say of what can and can't be included in the borrowed amount, that's up to the lender and the loan program. 

Hi Sean, There are programs available for first time investors.