Implemented it once.

Hey all,I'm thinking of implementing a virtual assistant as we ramp up marketing in our REI business, specifically to skip trace motivated sellers and cash buyers.

The rest should be pretty easy to document procedures and train.Next comes the issue of implementation.

They are, however, very picky and are not for everyone as my understanding is their lending requirements are very stringent.

I have a 3 family in North Leominster that I am in the process of stabilizing, regularly help clients purchase househack’s in different markets within Worcester & Middlesex counties (I am an investor focused agent), & have many peers that successfully implement that strategy multiple times around the state.

I work as a technology consultant specializing in implementing e-commerce systems.

There are probably private lenders, too, but I am not aware of any HMLs at 9% with 1% origination.To my point about rates improving, we are implementing a new program (in Texas for now) with rates as low as 7.75% and origination as low as 1.5%; however, it would be 85% of price (as opposed to 90% and would max out at 70% LTV as opposed to 80%). 

Since these are still under progress construction, banks are pretty stringent on giving out loans, let me know if this is not the case. 

All this can be implemented seamlessly by the application layer of the PM software.

. - As you mention impact fees for developers, I recently read an article about the city of Denver possibly implementing more fees for development, up to $7 per sq ft to fund affordable housing.