All Forum Posts by: Jeff Chisum

If you run into debt to income challenges you can get a lease in place prior to closing in order to offset the debt.  That would be identified through the pre approval process if done properly.  We do 90% of the work up front so there are no issues once a contract is executed.

I did a few podcast episodes on what to ask and beware of when working with DSCR lenders. First red flag is if they say that they will shop your deal with a few different investors. Relationships matter. Losing control of the process matters.

Schlage Encode with a moisture absorber in the battery compartment.  Anyone know if they have made a redesign to seal off that area?

NMLS

Google review

Zillow Reviews

Are you using the 10% down second home occupancy loan?

You can use your commission for down and closing. Sounds like you are going with a Fannie/Freddie type loan based on the cap of 2%. That would have been known up front if that was the original loan product being used. Did you look at DSCR? Potentially lower down needed of 15% with better rate and 6% cap in IPC's

Don’t overlook the 10% down second home occupancy loan for financing a property like this.  Happy to help with any questions.  

I don’t think I’m allowed to post here but I will send as a DM

This is my specialty.  Everything in house.