kingston

Buy it out right below market value or rent to own New Construction Townhome Details:1576 sf New townhome w/ easy access to I-25, Maint-free living in Skyway, D12, Spectacular mtn Vws.,3 br, 2ba, patio, all appls. Inc. W/D, Laundry room, a/c, gas fp, 1C att gar 180K purchase price (valued at 189k) Rent monthly for 1320 Get all the details send email to kingston111@netzero.net

Good Answer short and sweet

The resources are endless having re license and the mtg broker license. I can really only speak from the perspective of a mortgage broker. We have many lenders and private investors in place of which you have to be signed up with. Each investor and lender charges to have you on board so that way you can offer the wholesale rates. The arrangement is a complex one but you need to be familiar with guidelines for underwriting and each lender and investor has their own guidelines. You need to know who to get du and lp approvals and which deals will not even come close. When you quote potential borrowers and they compare you to alternatives you had better be in the ballpark. I could go on and on and on. What I am trying to get a cross is there is no way you can do this business part time and be successful or useful because you can't be competent about all aspects of financing. You need to have relationships with lenders/investors in place as well as a support team to help you through the process of originating. There are a stack of different loan products on the market and they aren't available in every state believe me. Sometimes people don't realize but you may make a mistake that will get you into a legal quagmire because you did something they may classify as predatory lending if you don’t know the states regulation regarding fees and points when your doing an fha, va, conventional or non conventional loan. Don't even think about writing your own personal loans especially for investment properties. Make sure you thoroughly think things through. On the other hand if you just want more insight about the operations of the whole industry I would recommend it because you'll have a better understanding of what type of financing you can get based on collateral, character, capacity, and credit as a borrower. Excuse the lengthy reply I just want to give you an idea about what you’re getting into. I am strictly a mortgage broker and I have learned a lot from realtors and investors but trying to consolidate would be a disaster in my opinion. Good Luck to you

I always ask what they owe and if it sounds like they are not be truthful or they don't know I check it with county records to verify.

Im sorry let me clarify to make sure I understand you want to purchase a home where the owner isn't in a position where he has to sell. Is this right Is this a distressed property or just a home you would like to purchase? I guess I need further clarification and details. As I see it you can buy the home, assume the loan and keep that as your primary residence and classify your other home as a second home or income investment property.

At what discount and is this a national program

Mortgage hunters of the world, it's time to ARM yourselves Investors need financing (100%) for those investment properties We offer a suite of programs like the No Documentation loan that help investors obtain mortgage financing when their income, assets, and employment are difficult to verify. Increase your income from your investment Property by selecting the right arm. Option arm loan allows the flexibility of picking your monthly payment on your mortgage every month, in order to better manage your monthly cash flow. Option ARMs have four major types of payment options: · Minimum Payment · Interest-Only Payment · Fully Amortizing 30-Year Payment · Fully Amortizing 15-Year Payment Option ARMs produce maximum income potential from investment properties and or the ability to still prepay the conventional mortgage in 7 or 8 years. If you desire to capitalize on the max income potential of your investment properties please contact me at kingston111@netzero.net for more information