Housing Wire

NOVEMBER 28, 2022

JPMorgan Chase will soon be issuing its first non-prime MBS secured exclusively by investor loans that are underwritten based on rental income. The JPMorgan Chase MBS offering highlights the relative appetite investors have for business purpose loans , at least in comparison to agency loans. The relative strength of DSCR. The offering.

Pre-qualification 396

Pre-qualification Due diligence Investor Loans 396

HomeLight

AUGUST 31, 2021

submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Make sure you’re already preapproved for your loan (or go through pre-underwriting, if possible) so waiting for that isn’t a factor. Though you can (and should!)

Due diligence 82

Due diligence Inspection Pre-approval Pre-qualification 82

HomeLight

AUGUST 16, 2021

“One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. There is never a perfect investment situation.

Banks 103

Banks Pre-qualification Investor Short sale 103

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. No problem!

Pre-approval 99

Pre-approval Pre-qualification FHA loan Inspection 99

HomeLight

APRIL 30, 2022

Investor portals. The site also offers resources to assist in your due diligence, including the property details page with title information that discloses any known title liens, a property information report including deed history, comparable sales, school ratings, data to determine the property’s value, and sample contacts.

Closing 94

Closing MLS Pre-qualification Due diligence 94

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Due diligence period.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98