How to Qualify and Prepare for your Next Investment Property

Description

Caeli Ridge and Larry Bailey host this episode and we talk How to Qualify and Prepare for your Next Investment Property.

We covered:

How Ridge Lending Group customizes your loan program for your next investment
Ridge Lending Group is not a one-size-fits-all
- Fannie/Freddie
- DSCR
- Bank Statements
- ITN
- 1099
Ideas for "finding" money for investments
- Joint Venture
- Line of Credit or Cash-Out Refinance your primary home or investment property
- Other People's Money (OPM) and leverage
- Use your LLC and record a lien to make the refinance a Rate/Term refinance
Adjustable Rate Mortgages should be strongly considered now
Listener question -
- What could be the best choice of how to take an investment property owned free and clear and turn that into more investment opportunities
1031 Exchange overview and comments
Taking your current primary home and turning it into an investment property ("House Hack")