AS an NMLS licensed mortgage banker I get these tid bits from the state.. this one is of interest and maybe other states will follow suit this will help homeowners with seller financing.. although very limited in scope its a startThe second proposed rule stems from Senate Bill 879 passed during the 2015 session that allows an individual who owns property through a LLC to provide seller-carry financing on a limited number of transactions without obtaining an Oregon mortgage loan originator license.

My second goal is to give back to the STEM community for under privilege kids.Thank you,    Bao Huynh

The reason for so many 1st and 2nds probably stems from marketing activities of the lender, seconds offered to captured borrowers.

My interest stems from various posts and podcasts where the person says that they have their license (although they do not always say if they are employed under a broker or not) and they easily are able to scour the MLS for comps or to actually search for and bid on tens or hundreds of properties with ease.

Many of the questions I see in your post seem to stem from improper understanding of the total analysis.

So my question stems from utilizing an assignment...

@Russell Brazil is exactly on point, 2% rule works when the properties are cheap cheap cheap.The rule stems from the belief that (a) half of gross rent will go towards expenses, and (b) .6-.7 of the rent goes towards the mortgage payment. 2%-1%-.7% = .3% monthly profit.It's a very conservative formula, but just explaining why some investors stick to it.

The focus on working with defaulting borrowers stems from financial goals (i.e. loss mitigation) and public image.

What is the best way to get a loan/mortgage for a growing cannabis business in CA?

Everyone has credit issues and they mostly stem from the Big Three: student loans, medical expenses, and divorce.