“Mortgage Licenses in Multiple States bring Lots of Opportunities”
Good afternoon Joe,
I hope all is well with you, I’m pretty sure it is! I have a client in White Plains who will be looking to purchase a home soon but may have an issue from an income perspective, I told him about you and he is open to an intro. He also has a few investment properties and is looking to grow that portfolio in 2018. Our bank just can’t help him, but am sure you will have some ideas. I will have him call you tomorrow.
Regards!!
Doing mortgages in all of New England, New York and Florida creates many opportunities for referral partners and past clients to refer me.
I recently closed a large loan for an investor that was using hard money loans to acquire property in three different states. Initially he was buying properties to flip, but somewhere along the line the strategy changed to buy and hold.
I have a lender that did a blanket mortgage on all of these properties that was amortized over 30 years at a rate of 6.125% and paid off mortgages that were written from 9.5% to 13%. The cash flow changed dramatically.
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