I would caution you with searching for lenders as those that don't follow a draw process or will lend on anything may not actually be a lender and trying to scam you.

Kyle can have success with the right property but it really has to be the right property.

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

Consider different strategies like mid and short term rentals as I believe the Portland area would allow for success in both (although I have heard Portland proper is tough on STRs).Best of luck!

STRs need to be viewed from a 365 day lens so if the numbers work well then, you still can be successful.

However, the success of this approach hinges on consistent appreciation, which depends on demand.The Key Factors to ConsiderPrice Dynamics: Prices are driven by the balance between buyers and sellers.

We are proceeding via the appropriate process in order to address Mr.

How does the Airbnb licensing process work in your area?

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

I've met Lee Arnold and he's a wonderful person and has a proven track record of success, which is why we sought him out to be a cover feature in Realty411.