90% of millionaires didn't become rich because they won the lottery.
They did it by partnering with banks to fund their real estate empires.
Here are the 5 best loan products you've never heard of.
1. Fannie Mae HomeStyle Renovation
Mortgage
This allows borrowers to finance both the purchase price & renovation costs of a property with 1 mortgage.
Pros:
⁃Financing both purchase price & renovation costs
⁃Can be used for investment properties, and primary residences… twitter.com/i/web/status/1…
2. DSCR
This program focuses on the property's ability to generate enough cash flow to cover its debt obligations.
Pros:
⁃Great for self-employed borrowers as underwriters only look at the subject property's income
⁃Can be used to finance a wide array of investment properties… twitter.com/i/web/status/1…
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