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1 February 2022 | 5 replies
Non-QM products will allow you to keep the transactions within your LLC: DSCR, bank statement loans, asset utilization, etc...
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31 March 2022 | 4 replies
Before the interest rates make another jump, I want to do something productive with the equity in the house.
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3 February 2022 | 6 replies
Still decide first what you are investing in, then speak to a mortgage broker (not a bank as they follow conventional guidelines and usually don't offer DSCR based loans) for best asset based loan products for your asset class.
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3 February 2022 | 3 replies
For security I like Ring products as they are low monthly costs ($10/month), yes the equipment costs up front may be a few hundred dollars but keeping your monthly costs low will increase subsequent cashflow, traditional alarm companies can be 40 to 60 a month.
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3 March 2022 | 6 replies
No wonder the loan officer told me it’s overwhelmingly popular product and always here it amongst investor!
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4 February 2022 | 10 replies
. * the added trade references will add credit profile depth, as will uploading your financials* your deposit activity and use of bank products (business credit cards) shows ability to repay* bank rating is formed after 90 days of deposit activity
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2 February 2022 | 2 replies
I have seen some loan products for a second home that only allow it to be rented for 180 days as well.
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10 February 2022 | 13 replies
As you mentioned, this also opens up the option of using a low down conventional loan product vs FHA.
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9 March 2022 | 4 replies
Built after 1976, you filed a 433 or we get you "doing" the process, own land, full doc, do have a few NonQM products as well, can do...
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2 February 2022 | 2 replies
There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro