5 Sep 2024 9/5/24 – DSCR I had a client come to me yesterday who is living in a condo, and they want to move up and purchase a house. The problem is that the hubby works under the table in a cash business and does not show income on his taxes. When they bought the condo, the wife had to […] Share on Facebook Share on Twitter
3 Sep 2024 9/3/24 – Bridge Loan Qualifications –... Slow holiday weekends are usually the norm, but this holiday weekend was mainly about Bridge Loans. Please understand that Bridge Loans do not have any income qualifications! That means I don’t care if you are self-employed, unemployed, on disability, or anything else. The Bridge loan does not have any income qualifications!!! On the other […] Share on Facebook Share on Twitter
29 Aug 2024 8/29/24 – Why Negative Cash Flow Isn’t... As interest rates gradually decline, we anticipate a renewed wave of investor activity in the market, particularly for buy-and-hold properties. While negative cash flow can be daunting for investors, it’s essential to understand that this alone shouldn’t deter a purchase. There are several compelling reasons why holding onto a departing residence or acquiring a property […] Share on Facebook Share on Twitter
27 Aug 2024 8/27/24 – Client Experience I spoke with one of my insurance friends last night and asked for a favor to get a file funded today. He went above and beyond to make that happen and came through. We also needed an escrow company to pull some strings, and thank goodness the listing agent has a good Escrow officer who […] Share on Facebook Share on Twitter
20 Aug 2024 8/20/2024 – New Employment I hope you had a wonderful weekend, and I hope this week is crazy good for your business. I always get called when a buyer changes jobs, and people wonder how long they have to wait to purchase a new home. We usually answer that question with another question. How are you paid in your […] Share on Facebook Share on Twitter