But, lo and behold, most of them now use AI for auto-responses.

They will pick your brain, and take the details to a LO how has nothing else to offer but a lower rate.

An experienced LO should be able to close a conventional loan in the same timeline as a DSCR loan—after all, the appraisal and title work take the same amount of time, and everything else should be completed while waiting on those two items.When you hear that DSCR rates are the same or even better than conventional, what often gets left out is the additional upfront cost and the up to 5-year prepayment penalties it takes to get to that same rate.

Quote from @Carlos Ptriawan: None of these lo guys able to comprehend that back thenI am about to say even if the Fed raised the rate in 2015 , Lp equity would be wiped out as well.It is just Lp investors are too dumb to understand basic math and relationship between equity LTV and volatility changes in rate.Appreciate the brutal honest!

I think most of the original use of LO was for buyers that had credit issues (still many in this area). 

And lo and behold she actually admitted she was able to get more buyers excited out our subidivsion we were building out then just letting them go and then call the next developer or Lennar or Horton or whoever..Myself I always answer and if I dont have time I just answer with Hey I am on the other line or busy at the moment just wanted to answer to tell you I will call you back in X.. that keeps folks in the game and I think works really well.. again my personal style..

.* Top dollar (literally more money than they can get selling ANY other way)* Zero closing costs* Continued income* No managementNaturally if they want their cash out for some other opportunity they aren't going to be very open to a LO/MLO.

I would recommend getting on the phone with the buyers LO to confirm requirements and estimated timeline, etc

Lo and behold, the school district is subpar and the salary average is only about $70,000, so that led me to the conclusion that a high-end rehab would go beyond what people are willing to pay for in this area and I would just be spending extra cash on a rehab that no one is willing to pay rent for.

Quote from @Sarah Vann DuRant: Quote from @Ashek Elahi: Hey everyone, I am looking for information about Florida market, seeing how the houses are so pricy (Dania beach, Hollywood, Miami area) what would be the best strategy to start a STR with out having to fork out all my savings in one property.