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7 February 2024 | 11 replies
Wholesalers, mailing, phone calls, door knocking, estate attorney's, probate attorney's, lenders..
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7 February 2024 | 11 replies
But just after taking my test, I learned of a friend who was making a KILLING selling sub-prime loans for an old mortgage lender called Countrywide.Well one thing led to another, I applied for the MLO job and got it, and Countrywide told me that I couldn't be a licensed agent at the same time as an MLO due to it being a conflict of interest.All that being said, I still don't know to this day if that was just a Countrywide rule or more of a formal regulation.
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8 February 2024 | 11 replies
Most lenders don't see my flips as income even though I have flipped 5 homes in 3 years.
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7 February 2024 | 5 replies
Like some Guru's say you dont need hundreds of units in some expensive markets like ours in the PNW you only need a few free and clear SFR's (build multiple ADU's) or MFR's (or low leverage/free clear close to) in order to reach your financial freedom metrics.There are local lenders who can give you options even past 10+ fannie/freddie products not just relying on private capital from DSCR or non QM products (these are an option too) however there are pros and cons.Id say the benefits of the DSCR product line is that some of them can go up to 25+ financed properties while some DSCR lenders can only go 4-10 or 15 tops.
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6 February 2024 | 21 replies
Have the seller contact the lender for a reinstatement amount.
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7 February 2024 | 7 replies
Especially if it is in NJ which would take FOREVER to foreclose and typically lenders will try and go through federal court to get it done.
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6 February 2024 | 6 replies
I am the lender on a 3 year loan with a balloon at the end, we are 14 months into it.
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7 February 2024 | 6 replies
Thanks No US Based lenders will lend overseas.
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7 February 2024 | 10 replies
You will qualify for less with a 15 year loan as the payment is higher and lenders use the maximum payment.
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7 February 2024 | 8 replies
@Ray Williams It is impossible for a PMC to get liability coverage on a property they have no ownership interest in.So, just like your mortgage lenders, we need to be added as, "additionally insured".