West Coast Girl is right, Doug. Shop around for some different, investor friendly Brokers. Doug, I'm new to the forum but certainly not new to realestate. In your situation, there are a few things you should do. First create relationships with more than one Mortgage Broker. Secondly, sit down and focus on the 90% of the market who can't get funding and ask the brokers what programs do they offer and whats the final MID fico score they will accept. Next, make sure your properties are ready to sell. If you are using the same old realtor tactic of having open houses with the property not move in ready, they will just sit there. You have to spruce them up. Next, don't be afraid to offer 25% seller financing in the form of a note. It takes one year for your note to become known as seasoned paper. If its less than a year, its considered green. WHY? Because it doesn't show a track record of the homeowner making twelve months of cosecutive payments on time, not to mention, this is all a mortgage broker or loan officer needs to get the LO Tenant qualified to purchase the property allowing you to cash out. If the new LO tenant is still not able to qualify, you can sell the second to an investor at a discount and pocket a quick $35,000 to help offset any other properties you may have sitting vacant. This is called LEVERAGE or planning ahead. I hope I've helped alittle. Investor34 San Diego, CA.
