What you state is right IF I was lending my own capital.

If It is a wholesale DSCR lender that also does TRID loans, they might require a bit more paperwork, such as a VOM, mortgage statements for properties currently owned, and credit supplements on mortgages on your credit report.

Everyone on BP is entitled to their own opinion.

I do 30% traditional (roughly split 50/50 stocks and bonds), 30% owned real estate and 30% non traditional (loans, syndications, PPM funds etc).

Their company is pretty great at not responding to their communities people , not following local law yet alone their own lease agreements The uptick of lot rents I get it it’s business but also driving out affordability for people which again it’s a business so some may say that part is just the territory , but not following lease agreements , hiring poor management and then doing nothing about it when it’s escalated is a reflection on their business aswell   best of luck. 

@Anne ChristensenIs this primary residence the only real estate you currently own?   

Hey Justin,Our borrowers have successfully used all of these wholesalers, but these investors all have one thing in common in that they conduct their own due diligence. 

Owned and wholesale residential for the last 5 years, but this is a whole new game to me.

Good for them for making that kind of money just for making the introductions.The other thing about working with a wholesaler is that you are likely working off of their Contract timeline, not your own, since they likely secured a contract before you came along. 

Again, I would say there is no one size fits all, as each have their own risks, i.e. floating rate has interest rate exposure (a rate cap is just a prepayment of that exposure and is temporary), but fixed rate has prepayment penalties.