Attention Investors: Finding the dollars
Wanted to let everyone know I’ll be speaking in front of a group of investors in Kalamazoo, Michigan on August 27th. If you are thinking about buying a rental property or looking to expand your portfolio this would be a great opportunity to not only learn more about the mortgage guidelines and process, but also network with a group of local landlords.
Here are some highlights of what I will discuss:
- Preparing for the next purchase – What the lender is looking for
- Tips and tricks to qualifying
- Low down payment options on nonowner occupied homes
- Renovation options for investors
- The real Fannie Mae guidelines
- Learn about a low down payment 2 – 4 unit owner occupied renovation government back mortgage program
- Cashing out equity on a current rental to purchase more properties
A little more about this group. The organization is called KARHA-IEN and you can find out much more about rental properties on their website www.karha.com
Hope to see you at this meeting!
GUEST WELCOMED!
TUESDAY August 27th, 2013 at
5225 Portage Rd
Portage, MI 49002
6 PM DINNER AND 7 PM MEETING START
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S.O.S. SAVE OUR SALE: WHAT TO DO WHEN YOUR LENDER STALLS WEEKS BEFORE CLOSING!
Did your mortgage lender suddenly go radio silent, request the same bank statement for the fourth time, or drop a last-minute loan denial right before your scheduled closing date?
Yesterday, a panicked real estate agent called my office from Portage. Their buyer had been under contract for three weeks on a home near Milwood. The closing date sat just nine days away.
Out of nowhere, the buyer’s out-of-state call-center lender issued a denial letter. The call-center underwriter miscalculated self-employment write-offs, panicked over an unpermitted porch repair on the appraisal, and threw the entire transaction into the trash can.