Simple Passive Cashflow Podcast
About This Show
The "Minimal Effective Dose" for Real Estate Investing, large syndications, buy-hold, turnkey rental real estate for the busy professional too busy to screw around with single family home flips - heck that's a job and we aren't looking for a new one.
Build your passive cashflow with each rental and have the freedom to quit your job or do what you want. It's not easy, but its simple... SimplePassiveCashflow.com.
Most Recent Episode
SPC052 - Caeli Ridge - Financing Single Family Homes with Govt Subsided Fannie Mae/Freddie Mac Loans
6 days ago
Fannie Mae/Freddie Mae Loans currently at 10 loans or 10 golden tickets
Some Credit Unions have portfolio loans but its all going back to the Government
As of 4/2017 - 0 to 6 rentals is in one book (guidelines) 7-10 is in the other book
1) 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 properties
3) Dept to Income (DTI) - 50%
We get to use 75% of the supposed rents as income in DTI
LOE - Letter of Explaination
30 day rate lock
Timing the appaisal
Looking for a passive fund that invests in distressed notes?
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Time is the most important resource! Email Lane@simplepassivecashflow.com for a free 10-hour trial with the same VAs I use
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Summary of every Simple Passive Cashflow Podcast: https://drive.google.com/open?id=1banG1R0TKhv_ji54tsZMbYJ8iikr9Ib103ZUeYse_ts