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Results (3,376+)
Rob Simpson Owner Finance, Seller Carry-backs - How it Affects My Mortgage
21 June 2012 | 16 replies
You're a landlord in an LO and must perform like one, no matter you hear from REI educators.
Alex Smith Is this an arm's length transaction?
22 June 2012 | 9 replies
Trying to work it out with my LO as we speak, but figured I'd get opinions from BP as well.
Jim Majoros Is it Legal to get a seller to hold the Mortgage in Pennsylvania?
15 July 2012 | 23 replies
LO's take application, stack files and work with borrowers and investors with their attorneys underwrite, review and fund.
Maleen V What form to use for legal Lease with Option to buy? How to attract buyers?
11 July 2012 | 14 replies
Only certain stationary stores handle their products so find out where for your area.By the way, if you handle this yourself you need to check the legalities in your state regarding LO.
Ed O. Another Appraiser Nightmare
17 July 2012 | 11 replies
This is great information that you should share with the LO and/or appraiser.
Melodee Lucido Can anything be done with this?
24 July 2012 | 2 replies
I was marketing for l/o's when I found it---sounds like he needs more than that tho.Please let me know how you would purchase/exit etc----if you would.
Mike McKinzie What Value would you put on this note?
13 September 2012 | 23 replies
Get the right folks involved to help you originate the loan and avoid any issues with LO regulations.
Alex Smotherman mobile home good or bad?
8 August 2014 | 5 replies
Side note: We can purchase homes the ways listed above however with new acts and financing laws be very careful with your procedure and paperwork when selling with financing or via LO to your end buyer.3. 
Clara Mayberry Help---Loan Officer
5 August 2014 | 3 replies
., 3) and balance sheet in order to plan your finances to banking guidelines so that you not only obtain financing but you do so while minimizing the burden of unnecessary taxes, increase cash flow, manage debt expense/rates, and increase equity growth.Most loan officers will struggle with just getting you a loan as they are used to W2/salary/hourly borrowers with very simple scenarios.The hard part about working with self employed/ business owners/ investors as borrowers is that as a LO you'll have to sometimes comb through multiple partnership, corporate, personal returns, amortization schedules, and other tax schedules to determine, analyze, extract, and find additional income to make a scenario work and it not only takes financial analysis skill but also knowledge of the guidelines and most crucially how the LO can sell the "story," whether it be income, occupancy, asset seasoning, or other to the underwriter to ultimately get you an Approval with the least brain damage as possible.Beyond the analysis and loan qualification skill they will help present you with different scenarios to better your investment return, how to obtain your capital again after an acquisition, strategies, timelines, and generally figuring out ways to make your untouchable equity turn to a lump sum of cash (cash out), or how to convert a jump sum of cash into streams of income (vice versa).
Matt Ellis Is there a Deal
6 August 2014 | 4 replies
I was thinking of maybe trying a L/O with new tenants.