It's personal choice. 

De nada 😎I don't know that market at all (FYI, I don't see this is other Midwest markets where my CFO clients buy properties), but I suspect it's related to perhaps the international investors that agent may work with...they are often cash buyers as it's very difficult to borrow here if you're not a U.S. citizen.

From 2nd Mortgages to 1st MortgagesWhen I started, PPR was buying primarily 2nd mortgages. 2nd mortgages is essentially loss mitigation (helping the borrower get back on track and stay in their home).

I went with the conventional option for a few reasons, but that's not the best choice for everyone.

I continue making the underlying mortgage payment myself (autopay) and get reimbursed from the borrowers payment.

I would then interview a few and make a choice as to what one to move forward with.

They will waste your time and you will have no choice but to take action against them.

Overpricing will likely lead to longer vacancies and lost income.Respond QuicklyTenants have more choices than ever, and properties that don’t respond to inquiries promptly may lose out.

Mortgages for LLCs with personal credit under 680 are tough and expensive, and under 640 are typically not really economically practical for the borrower. 

Financing a Multifamily (5+ units) project for a 0 experience borrower will be just about impossible to find.