By default, the Mortgagee is both the one that lends and the one that has an insurable interest and therefor both descriptions pertain to “Mortgagee”.Which is preferred: Traditional Banks always only require they be listed as the Mortgagee whereas Hard Money and or Private Money; it’s 50/50.Now, you’re probably wondering in what instance would someone be listed as a Loss Payee but not Mortgagee- well, let’s say someone lends the property owner money in a non-traditional fashion - we can chat more about this later -whether it be for the property or for something else, doesn’t matter, and the borrower uses the property as collateral.

Feel free to message me if you want to chat further. 

chat with everyone. everyone. i talk to people in line at the check out at stores. you never know who you will meet. some people cant do this. or wont. we can fix cant.

All in all, very happy with the decision and appreciate all of the support/advice given in this chat.

Feel free to connect if you want to chat. 

Before you quit your W2, you'll want to make sure your rentals are making enough on paper to replace that other income.Once you quit your W2 job, you'll officially be considered self employed by lenders and the important thing to keep in mind is that we can only count your NET income.My advice is chat with a CPA who can help you structure your income properly and try and do it 2 years prior to quitting your W2 job.

Shoot me a DM if you want to chat a bit.

If you want to chat about it, let's connect!

I love chatting with guests and making sure they have everything they need.

More then willing to explain if you want to chat