Leveraging MH Property Solutions's local market expertise, we secured the property for $268,750.

Leveraging MH Property Solutions's local market expertise, we secured the property for $268,750.

I was wondering about securing a DSCR loan for the investment property.

In TX we can collect up to a double security deposit which I do for some tenants.

Caliber started picked up the loan and it was sold into this lsf8 master participation trust as a security trust services by them even though it showed security trust was closed for almost three years when my loan, being the only one ever to be able to be out into a security trust AFTER it closed because it cannot be done, and they are the most unscrupulous bunch of thieves ever seen.

I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.

I promptly had my attorney write the Division of Corporate securities and file a complaint and let them know I had nothing to do with this. 

Hello BiggerPockets community,I’m currently navigating a challenging situation and would appreciate some advice from this knowledgeable community.Property Details:Property 1: SF Detached 4 Bedroom 2.5 bath, Atlanta GA, approx 297k ValueProperty 2: SF Townhouse Atlanta GA, approx 197k ValueSituation: I have a $286,000 debt secured by these two properties.

Since loans are considered securities, most states require a security exemption, which can be prohibitively expensive.At least one state, California, automatically grants licensed CA real estate brokers an exemption without requiring them to go through the expensive registration process.  

I am curious to see what steps do you have or requirements do you put in place to ensure you are securing the right tenant?