- @Joe Gore : All offers are submitted with either a letter from my HML or Private Money, or a Bank Statement showing available funds.

From what I understood, it has something to do with the involvement of the government in the way Fannie Mae and Freddie Mac operate (the Federal Takeover of 2008) As I was explained, the new DTI requirement will apply to private portfolio loans, but not to loans that will be sold to Fannie Mae and Freddie Mac (Conventional loans).

Send me a private message if you're interested in chatting.Mike

I like MLOs...1. lease and option for low NOI.2. get private money for repairs with no interest for a while (moratorium)3. fully rent at higher rents (higher NOI), wait 12 months4. either buy LO and resell or- assign the deal for a fee.

One of the suggestions was a hotel style unit that is installed in the wall, typically below a window.

You can get had money referrals and access some private money.

A Property manager no matter how good he/she is , its an employee, not an owner.My target tenant is someone that is young, likes cool apartments, has sense of style, willing to pay above average rents, someone that likes to live in big cities and trendy areas.Hamilton is close by and its a big city with up and coming areas.

Welcome aboard, Joseph.I don't get out to B'More as much as I probably should, but I do have one active private money loan there.We share the exact strategy; popular, but I believe a highly effective one-two punch.

You can get with a title vendor and look for mortgagee names that look private in nature and try and contact them.

Next, I prefer private money, so that I can hold onto my own cash.