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16 January 2025 | 6 replies
I won't say how many offers we make on properties for ourselves or clients in a typical week.
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13 January 2025 | 7 replies
One of my clients had a $1M deal under contract where they needed to do a $300k raise.
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13 January 2025 | 5 replies
Like you, when I'm working with clients I highlight the key advantages of the conventional rehab loans (Fannie Mae's Homestyle and Freddie Mac's CHOICERenovation) are:- They can be used for investment properties- You can include luxury items- They have a higher limit – $806,500 in most places.Jeff
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16 January 2025 | 21 replies
I'm familiar with Jeff and the C2C team (i've heard great things) and work primarily with Fernandos team who I love.Right now - all of the padsplit loans I am working on for my clients are underwritten based off long term rental rates.
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23 January 2025 | 10 replies
With a Conventional Loan you can buy a SFH, Duplex, Triplex or Quadplex with as little as 5% Down if it is your primary residence as long as you have the intention of occupying one of the units for 1 year after closing escrow.This is the strategy I have personally implemented and have assisted many of my investor clients in doing the same. 20% Down is also beneficial as it keeps your payment low but it does limit your ability of buying more real estate faster.i would be more than happy to discuss the different strategies with you over the phone or in person.
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13 January 2025 | 8 replies
There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.
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14 January 2025 | 27 replies
A client can close on a new property with us in less than 45 days so no long closing or pre construction risk anymore with our program.
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14 January 2025 | 5 replies
I've had clients who work with local lenders and others who work with national lenders.
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12 January 2025 | 10 replies
I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.
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14 January 2025 | 17 replies
I do a lot of boots on the ground stuff for different clients of mine who might need stuff like leasing, walkthroughs, contractor recommendations, but want to be more hands on with the managing of the property.