I am a licensed agent and I currently househack in Hagerstown.

For DSCR we only require LLC docs if in an LLC , drivers license, SS Card if available if not ss89 can be signed, we don't ask for any info on any other properties owned by the borrower, we dont source or require seasoning on funds.

I have already filed a formal complaint with the Contractors State License Board (CSLB) regarding this matter.Given the circumstances, I am seeking your advice on whether pursuing action in small claims court would be a recommended course of action. 

I, like many used to think “newbies” posted questions or asked for “help” to obtain the best advice from experienced investors, obtain guidance on strategic alternatives, or get a qualified opinion on whether the latest hot guru was worth the $40k price of admission.But, I was WRONG.No, none of those reasons are why newbies come to BP.They don’t want to find out that their “revelation” about how to invest has been tried about 10 million times - with limited successThey don’t want to learn that without capital, knowledge and experience their willingness to commit weekends is near uselessThey don’t want our opinion that they should skip trying to wholesale and spend some time learning as a licensed agentThey don’t want advice that has them taking classes at community colleges or learning real estate law, finance, or principles.So WHAT do they seek when they come to BPThey want comfort, encouragement. and to be told their thoughts are correct.

Good luckWe have the non occupant license and lucked out getting it.

I left my W2 job few months ago and got my real estate license in hopes of selling real estate and investing in it.

I hate that the legal system gives enables these buyer to get money but I do understand its a bottom line business and whatever is cheaper wins...this is a good point and why buyers and sellers should use licensed real estate brokers who have E and O..

You can if you want, but if this loan is from a well known, licensed, reputable lender, then its similar to getting regular mortgage.

Hi everyone, I am a newly licensed Mortgage Loan Officer in Texas.

What I have to work with: - An LLC (currently just run STR taxes through this)- A Type S Corp (I run my ad business through this, but will shift it over to construction)- A General Contractors license in the state of Oregon, tied to Type S Corp (have had and maintained since July of 2022)- A construction skillset.