But, don't be fooled by the paper numbers of multifamily in Memphis.

With an A paper loan and a cap rate 6 or 7 or below then you should be able to write off all the income plus some.

I've lined up partners strategically both capital and labor partners willing to work with me, were solidifying everything on paper officially next week.we will be doing a deal rather quickly which is very exciting i have been looking at properties non stop day and night and any chance i get.

You could only have so many mortgages under your name before the Debt to income ratio on paper doesn’t work in your favor.

Different sort of path you're taking I usually see people starting with physical property and transitioning to paper!

Also, don't be scared to take better deals on paper to other banks and see if they can beat it.

You are correct that on paper most of bridgeport numbers look really good.

They all have quirks in their lending committees (typically they carry their own paper) so you want to know if they're a good potential lender for you.

The business does not make a wonderful profit, as it basically sells paper things....

Local and regional banks all of their own loan committees to terms are different, history matters, relationships matter, so it's different than an originator that will turn around the sell the paper.