James Tan MBA, Broker/Realtor Bethany Real Estate & Investments (Bethany Real Estate & Investments)

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Rainer
155,541
Ken Jones, Commercial Real Estate
Kenneth J. Jones, Inc. - Toms River, NJ

James Tan MBA Although I really can't help offering you a solution to your question, I'd be really curious to know just how many stupid lenders there are out there who will loan on residential rental properties when the federal government can strip the owner of their income at a moment's notice.

Aug 04, 2021 06:57 PM
Ambassador
3,058,818
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

mike johnson

avp, store manager

sebastopol store

umpqua bank

nmls# 992080

office: 707-634-9100 fax: 503-372-0380

direct: 707-634-9101

MichaelJohnson@umpquabank.com

 

 

Aug 05, 2021 08:20 AM
Rainmaker
652,983
Eileen Burns
Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach - Fort Lauderdale, FL
FL Probate Agent, Hotel, Land, Multi Family

Check with John Meusser

23441 S Pointe Dr

Ste 110

Laguna Hills , CA 92653


Office: (949) 247-7530
Mobile: (484) 680-4852
Aug 05, 2021 06:34 AM
Rainmaker
2,642,512
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Plenty of chompin at the bit sharks out there will bite on your scenario

Aug 05, 2021 06:05 AM
Rainmaker
4,216,332
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What state? We have many mortgage broker members who have the right sources and can assist you if they are licensed in the state of origination.

Aug 05, 2021 04:31 AM
Rainer
273,135
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

after the moratorium on evictions never again would I own investment properties. 

Aug 07, 2021 02:13 PM
Rainer
318,150
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Penn Fed does rentals but zero banks or online aggregators who do stated income.  Wells Fargo, Citi,  no longer writing HELOCS. First Republic and Farmers and Merchants might give a $75000 one with low LTV, and borrrower deposits $300000.  HELOC lenders are: Symetry, TFC, BofA none do no doc- they want every single piece of IRS returns for two years. 

Borrower may be able to get a debt service ratio first trust deed. There are hard money lenders who will go in second position, but borrower needs to be ready to sell to exit.

Aug 05, 2021 03:31 PM
Rainmaker
991,865
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I'm sure there is a mortgage specialist or 2 in AR  that can help you

Aug 05, 2021 09:37 AM