The best part is there is no ownership seasoning period with one of these lenders and they don't report to personal credit.

He told me to call in sick and come to the training lol but then he handed me his personal copy of the phone script that he had been using during his presentation.

If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

Quote from @John Friendas: As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like?

The northland MAREI meeting and the main monthly meeting at MAREI have a minimal fee, or for $99 a year you can attend all of them for no extra charge - northland is in person, the main meeting is still online, both are great ways to connect and learn. 

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

Interest rates need to drop a certain amount in order for a person to make a transaction right now.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

That is a great post, and I'd love to follow up and see how things went for my own personal knowledge. 

I personally use a company called swift permits.