Vinnie Da silva
DSCR ( Debt Service Coverage Ratio ) - Investor Loan
As an investor and lender, I see that a lot of people are not familiar with DSCR loan. Its a great program, specially self-employed people, which often find it difficult to get qualified for a mortgage. So I decided t...
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Getting REO Listings
How do you go about getting intially signed up with asset managers. Most require refernces from previous REO work. Where do the newcomers get in?
Is it best to start with local credit unions that do not outsource th...
Mikayla Rasmussen
Loan Servicing for Late Payments and Potential Foreclosures
We have a seller financed home that the buyers consistently pay late each month. They get later and later each month, and we are struggling to find a loan servicing company that will report to the credit bureaus, and ...
Account Closed
Questioning Hard Money Fees at closing. Do these Fees seem right
I got my first hard money loan approval for 47,000. It's a Rental property with a 24 month term loan and no prepayment penalties. i only need the money for 2 month. Waiting on Heloc to process. Does the fees seem r...
Irwin DeVries
Lease Options deals out of state
Has anyone done a lease option deal out of state or far away from where you reside. I'm in southern California and that strategy doesn't seem to work too well here. But it would work better in other states. I'm try...
Robbie Stanford
Advice on first deal
I'm just having thoughts about buying rental properties, me and my gf each own a house, mine is rented out and we live in hers.I have a family member who owns a house (no mortgage) I want to approach them about buying...
Thao Tran
Can a realtor work with a banker in California?
Hi guys,Just quick question that can a realtor work with a banker in case a client request loan servicing for their commercial property? Would that be a conflict of interest? Thank you in advance
Joe P.
Where to learn about selling with financing?
I am interested in selling a vacant land property with financing. Anyone have any education recommendations (books, youtube videos, blogs) on selling properties with financing? I have sold several properties for cas...
Alex Locklear
Sandwich LO
What's the best way to go about protecting myself when doing a SLO? I know there is no way to completely make one's self risk free, but what's the best way to protect one's self and leave room for only worst case scen...
Steve Leonard
Foreclosure Bid Question
Good Evening,I found this estate for sale that is owned by a loan servicing company now it's been on the market almost a year. Description says Cash sale preferred. Listed for $550k about half of what it's Tax Value ...