All Forum Posts by: Scott Miller

I market them and they are exclusively for primary residence-owner occupied transactions---it's a great program for light rehab projects...

Regards,

Scott Miller

I can assist you with a second opinion if desired...

Regards,

Scott Miller

I can shed some light on the fractional ownership funding my company offers:

- FULL DOC and SIVA application allowed
- 3/5/7/10 YR Fully Amortized ARMs and 3/5 I/O Arms available
- 80 LTV for PURCHASE & R/T for FULL DOC-75 LTV for SIVA (70 LTV for Cash Out)
- Conforming and Jumbo loan amounts allowed

Regards,

Scott Miller

Not all investors in TX have these limitiations---I'll send you a PM for further details...

Regards,

Scott Miller

You are quite welcome and thank you for the kind words---it's been a pleasure to serve you both!

Regards,

Scott Miller

Perhaps you have run into investors that want larger loan sizes or population demographics for the properties & townships that they fund---I would need to know more specifics about the property, you and your intentions before I could understand what problems you are having.

Regards,

Scott Miller

We are talking about two different animals---you are referrring to LTV based lending and I'm speaking of ARV based lending...

They do exist in the forms I suggested...

Regards,

Scott Miller

I'm going to have to agree with the majority---using the "right" realtor can shrink your sales cycle, particularly in difficult market trends...

You don't necessarily need to enlist the services of a listing agent---why not market to buyer's agents that specialize in unique/expensive properties? You can offer to pay 3% to any buyer's agent that brings a interested/qualified buyer to the table.

Already mentioned but worthy of repeating, are mortgage brokers that specialize in jumbo investments---jumbo buyers tend to investigate & explore lending options before entering the market/engaging the services of a realtor and this could prove to be a fruitful source of buyers.

Regards,

Scott Miller

Justin,

I tried to explain this to you last week---it's difficult to forecast where guidelines will be in the future so what I tell you today, probably want be so in the future...

Expect low/no doc lending to continue to detoriate along with high LTV/low FICO and or high LTV/NOO financing.

If you are going to buy and hold, you might be better served to evaluating future deals on the worst possible scenario like:

- A lower LTV allowance for cash out refinances for investors
- The likelihood that you will only qualify for a rate and term refinance to get you out of your HML.
- The need to sell the property instead of holding it (in case you don't qualify for either circumstance listed above).
- The need to postpone your capital investment/profit capture until you sell the property (or the lending enviroment improves).

It's more important then ever to make your money on the buy---getting a positive cash flow every month and cashing out when you sell is still a viable business model for the days to come for buy & hold investors.

Because I'm familar with your background/history, I have some ideas on how to maximize your profits that I'll send to you personally.

Regards,

Scott Miller

If you want to poke around the online registry of deeds, check this site out (http://www.landex.com/remote/).

Regards,

Scott Miller