- @Joe Gore : All offers are submitted with either a letter from my HML or Private Money, or a Bank Statement showing available funds.

From what I understood, it has something to do with the involvement of the government in the way Fannie Mae and Freddie Mac operate (the Federal Takeover of 2008) As I was explained, the new DTI requirement will apply to private portfolio loans, but not to loans that will be sold to Fannie Mae and Freddie Mac (Conventional loans).

So (3) parcels for what was it $93,000.00 + any other debts that may have carried over with it.

Send me a private message if you're interested in chatting.Mike

HML on the properties 65% with seller carry back on the remaining 35%.

You can get had money referrals and access some private money.

@Carrie,Greetings & welcome to BP.

Welcome aboard, Joseph.I don't get out to B'More as much as I probably should, but I do have one active private money loan there.We share the exact strategy; popular, but I believe a highly effective one-two punch.

You can get with a title vendor and look for mortgagee names that look private in nature and try and contact them.

Have a carry over rehab scheduled to close next week.Going to be signing a lease for a vacancy in a place probably Tuesday.Going to file for possession for another rental that I bought at a tax sale to get the dirtbag residents out so I can turn it (Not conjecturing on them being dirtbags, one of them was in the paper last week for robbing someone at gunpoint for $40).Have another rehab that I closed on the week of Christmas about halfway done despite lots of weather challenges.Nothing new under contract but have made about 60 offers already this year.