All Forum Posts by: Todd Libby

The one I am familiar with is from CMG. I am a mortgage broker, and they used to let us have access to it, but now they only offer it via their retail channel. 

Here's a link where you can get some more info and connect with a Loan Officer who can access it.

https://www.cmgfi.com/all-in-one

@Dianna ODay I own a mortgage company and have some hard money lending options. We can do what’s called a soft pull that gets all of the information from the report, including scores, but does not show as an inquiry, and does not impact your score in any way.

This is a great thread! I’m also looking at buying in PR. We’d like a place where we can AirBnB and then use it when we want to visit. Thinking of Condado area. 

I really just want some mofongo. 

My 2 cents based on my experience...
I don't see SFR's as a "one door" property. I have two of them that I rent out to single, professional guys. With two homes, I actually have 10 doors. And never any down months. One is in Daybreak, and the other in Orem.

Granted, I lived in both of them as a single guy myself, but I've been married for 2 years now, and have just continued renting them the same way. 

Pros - Higher rents than renting to a family, I can pop in anytime to check on the place, if one guy moves out, I don't lose the whole rent, no wear and tear from kids or pets.

Cons - Higher turnover (I usually do month to month which also has higher rent), potential for parties (but I screen very carefully so this has not been an issue at all), parking, roommate drama (rare with professionals).

Just another option to consider.

I'm a mortgage lender myself and I wish we had a 90% product like that MACU loan! I think they only allow you to have 2 going at a time, but for your first rentals, it's a great loan. 

Hello Taylor. 

I am a lender here in Utah and have access to a good loan option for your situation. We don't need tax returns or personal income. We just need 20% down and the mortgage payment has to be 90% of the market rents (determined by the appraiser).

Like Jeremiah mentioned, rates are bit higher - around 2% higher than conventional financing - but it is way better than hard money.

Let me know if you're interested in more info.

Hope that helps!

@Robert Herrera I sent a PM. 

PM Sent.

Is there any interest in a mortgage product that is only based on the CASH FLOW of the property, and NOT your personal income?

I've been a more traditional lender for years, but have found a great product for investors.

Rates are obviously a but higher than the going non-owner-occupied "Agency" mortgage, and this is not a quick hard money loan. But if you find a great cash flow property where rents are strong, and are considering holding onto it for a few years, and you don't yet have a tax return that could get you qualified, I may have a good option.

I'm posting on here to get a feel for the interest level. I'll be happy to answer any questions and share details.

Thanks!