If you have never done a LO, I would NOT recommend doing a SLO...What happened with the friend you had that you were looking to get $45k down from a buyer?

Alos best to consult with a RE attorney.My experience here in SC is set up differently then other states as far as how the state wants documents stated, written etc...Here in SC, purchaser and seller are the words to use where as other states you can put landlord, renter etc... try there first.

Exit values for all 3 combined are $4M.In June, I alos made over 40 MLS offers which are having some good results.

Just curious what kind of financing can one do underneath a LO like that?

We alos have a 2nd with HFC.9 months ago BOA put us on a 3 month trial payment plan with payments that are higher than our mortgage was!?

I would stand to make about 35% on it, which (to me) is a homerun for a Los Angeles property on the Westside.

., 3) and balance sheet in order to plan your finances to banking guidelines so that you not only obtain financing but you do so while minimizing the burden of unnecessary taxes, increase cash flow, manage debt expense/rates, and increase equity growth.Most loan officers will struggle with just getting you a loan as they are used to W2/salary/hourly borrowers with very simple scenarios.The hard part about working with self employed/ business owners/ investors as borrowers is that as a LO you'll have to sometimes comb through multiple partnership, corporate, personal returns, amortization schedules, and other tax schedules to determine, analyze, extract, and find additional income to make a scenario work and it not only takes financial analysis skill but also knowledge of the guidelines and most crucially how the LO can sell the "story," whether it be income, occupancy, asset seasoning, or other to the underwriter to ultimately get you an Approval with the least brain damage as possible.Beyond the analysis and loan qualification skill they will help present you with different scenarios to better your investment return, how to obtain your capital again after an acquisition, strategies, timelines, and generally figuring out ways to make your untouchable equity turn to a lump sum of cash (cash out), or how to convert a jump sum of cash into streams of income (vice versa).

And then the maintenance issue as I said is a bugger with these old ( and just assuming single wides)So yes if you want to sell the units you could just sell them for a few grand cash and be done or have a LO prep the paper work according to the laws of OK.NOw on the lagoon I personally have never heard of one or know what one is..

Comparable rents for 3 br in the area are 935-950. 1050 was a premium rent for a LO renter/buyer.

Do some agents refer a LO or Lender?