When selecting mortgage brokers, understand what type of lending programs they have available to them to facilitate the types of deals you’re going to do.
Example #2:
An area of specialization for us is pre-construction homes. Usually, an investor or homebuyer will have to purchase a piece of land, and then go get a builder to build the home. That means they need a loan for the land purchase, and then a loan for the construction. They’d pay closing costs twice!
The lender we’ve chosen provides you with the ability to bundle the price of the lot, construction price of the home, plus the closing costs, all into one loan…and then you don’t have to make any payments on the mortgage until the house has a Certificate of Occupancy by the city (at which point, we’ve already sold the house at a profit to a new home buyer and gotten them in on a deal too!).
Students that have read our book know how to Leverage loan programs very well.
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