Yes, we call the employer directly using a number found online, not the one provided by the applicant, and we verify their employment and pay rate.

I already paid for their fees as well, when they sent me the invoice right after extension.Is this normal?

I’d advise you speak to a CPA as well, different trusts bring along potentially different income tax filing results.The maxmimum income tax rates on trusts are also reached far earlier than they would be on a personal income tax return.Generally trusts and LLCs serve different purposes as well (i.e.

Nashvilles market is insane and the BRRRR method just does not work with rates.

In addition, I pay a 1,000 finders fee to anyone who tells me about an unlisted house that I buy.

The house is particularly appealing to me due to the low mortgage rate that he got in 2020.My question is whether I should buy his property "subject to" or add myself to the mortgage/deed.

Which is still possible to get a negative DSCR loan, but the rates go up a bit for the associated risk!

In April, shopped around a bit with a different agency, but they couldn’t find a cheaper rate.

Most go down to 75K and charge a minimum fee for their time.

Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.