Placing the blame on the stated income loan products is like saying a vicious dog is at fault for biting someone, when really it’s the abusive owner of the dog who is at fault.

I'm trying to do some pre-work so the $ I spend on my time with the CPA is as productive as possible.

I can totally see someday "Flipping" myself my dream house since I would probably love the deal as much as the final product

Please email me at XXXX for more information or questions.Just my thoughts.

I used to use a product that would be suitable for the food industry or healthcare industry but found that it doesn't always work with the infestations that you would find in a long-time vacant property.I have since been using a product called Termidor(no relation to them in any way) and have been very satisfied with it.

You should also be able to secure a rate below 3.0% if you are willing to go with a 5-yr term variable rate product.

It's tough selling a product that you cannot see or touch, outside of a piece of paper.

Student rentals are a very niche insurance product.

You might not have $70k cash laying around just yet.If the numbers all check out, and it's truly a 60%-of-ARV deal, there is enough meat on this for you to come out whole under all but the most adverse of circumstances that might occur (i.e. bankruptcy, lawsuits going back and forth while property sits vacant and gets vandalized, etc.)Also, it's a great opportunity for you to learn the rehabbing business.

The fees I mentioned running a grand provide a true 100%, no "transaction fee" to a million in production credits and above we had E&O as that's a variable cost to the number of deals and amounts.It's the $60 bucks that makes it nothing, IMO keeping the license active, with the MLS that may be the broker's MLS fee per agent or the lion's share.