SPC052 - Caeli Ridge - Financing Single Family Homes with Govt Subsided Fannie Mae/Freddie Mac Loans

Fannie Mae/Freddie Mae Loans currently at 10 loans or 10 golden ticketsSome Credit Unions have portfolio loans but its all going back to the GovernmentAs of 4/2017 - 0 to 6 rentals is in one book (guidelines) 7-10 is in the other book1) Credit Score - 720 or greater in spots 7-10 2) Assets - Liquid and Non-Liquid for downpayment (must be sourced and seasoned 2-months liquid) and cash reserves needs 1-6 liquid or non liquid for subject property needs to show 6 months PITI plus 2 months for each other property in additiona. For property 7-10 you need 6 months PITI for all properties3) Dept to Income (DTI) - 50% We get to use 75% of the supposed rents as income in DTI LOE - Letter of ExplainationPrice adjustments30 day rate lockTiming the appaisalPortfolio loansDelayed Financing#LaneHack #JustTheTipLooking for a passive fund that invests in distressed notes?SimplePassiveCashflow is proudly sponsored by www.investinahp.comTime is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use Please leave a review? Or Share on Facebook! Please!https://itunes.apple.com/us/podcast/simplepassivecashflow.com/id1118795347Sign-up Here for ‘Hui” Deal Pipeline Club: https://docs.google.com/forms/d/1gulyiaz7_gb8koqGl91bGPz-mdwlBVz-PcvXDOXOL5YJoin a Social Club:Seattle: https://www.facebook.com/groups/SPCHUISEA/Hawaii: https://www.facebook.com/groups/SPCHUI808/Portland: https://www.facebook.com/groups/SPCHUIPDX/Bay Area: https://www.facebook.com/groups/SPCHUIBAY/So Cal: https://www.facebook.com/groups/SPCHUISOCAL/East Coast: https://www.facebook.com/groups/SPCHUIEAS/Central USA: https://www.facebook.com/groups/SPCHUICUS/Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.https://calendly.com/simplepassivecashflow/20Looking for mentorship/turnkey services/apprenticeship/partnership:https://docs.google.com/document/d/1K8jFe2GS6uJ5O3f1z8qNjMsSf6Vk4gH6zbfJjEumIQoSummary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts

---

Hosted on Acast. See acast.com/privacy for more information.