🐪 Happy Hump Day! We’ve officially reached the middle of the week—so let’s stop staring at deals like they’re going to make offers on themselves! 😂🏡 Get out there, talk to sellers, follow up on those leads, run your numbers, and MAKE SOME OFFERS! Your next great deal may be hiding behind the call you’ve been putting off. Remember: every offer won’t get accepted, but the offer you never make has a 100% chance of going nowhere! 😄 Let’s bring the energy, take action, and finish this week strong. Who’s making offers today? Drop a 🏡 or 💪🏽 below! Happy Hump Day—now go find that deal! 🐪🔥💰

After You Purchase the Property “Subject To,” You Might Still Need Funds for Renovations and Repairs ~ Now what? Purchasing a property subject to the existing mortgage can allow you to gain ownership and control without obtaining a new acquisition loan. However, the seller’s existing mortgage normally remains in place and in the seller’s name. That mortgage pays for the property—but it does not automatically provide money for: - Repairs and renovations - Property additions - Garage conversions - Accessory dwelling units (ADUs) - Appliances - Contractor deposits - Permits, plans and inspections - Holding costs during construction This creates the next major question: After acquiring the property subject to, where do you obtain the money needed to repair, improve and stabilize it? Two financing options investors frequently consider are a hard money loan and a DSCR loan. Although both are real-estate investment loans, they serve different stages of the project. The basic strategy is: Hard money or private capital can help renovate the property. A DSCR loan can provide long-term financing after the property is completed and producing rental income. Understanding the Subject-To Purchase In a subject-to transaction, the buyer obtains title to the property subject to the seller’s existing mortgage. The arrangement generally works as follows: - The deed transfers to the buyer or the buyer’s entity. - The seller’s mortgage remains attached to the property. - The existing loan usually remains in the seller’s name. - The buyer takes responsibility for making the payments. - The lender has not necessarily approved the buyer or transferred the loan. A subject-to purchase is not the same as a formal loan assumption. In an assumption, the existing lender generally reviews and approves the new borrower. In a typical subject-to transaction, the original borrower remains legally responsible for the mortgage. Most investor subject-to purchases are not among the protected transfers listed in the federal Garn–St. Germain Act. Therefore, the lender may have the contractual right to enforce a due-on-sale clause following an unauthorized transfer.

DSCR Financing for Real Estate Investors Presented by Larry Bland Greenhaven Solutions, LLC If you’re purchasing or refinancing an investment property, a Debt Service Coverage Ratio (DSCR) loan may allow you to qualify primarily through the property’s rental income—without traditional personal-income verification. General DSCR Guidelines - Purchase, rate-and-term refinance, and cash-out refinance options - Investment properties only - Qualification based primarily on the property’s rental income - No traditional personal-income verification - Borrowers may generally close individually or through an LLC - Thirty-year fixed, interest-only, and other loan structures may be available - Short-term rental and Airbnb income may be considered under certain programs - Programs may be available for both experienced and newer investors Let’s Review Your Deal To get started, send me whatever information you currently have—even if it’s only: - Property address - Requested loan amount - Estimated monthly rental income - Estimated credit score I can usually review the basic numbers quickly, determine whether the property may qualify, and identify the available financing options. If you decide to move forward, my team and I will help coordinate the process from application through closing, including disclosures, documentation, appraisal, underwriting, and transaction updates. I’ll keep you informed so you always know where your loan stands. Feel free to send me a scenario even if you aren’t sure it will qualify. DSCR requirements can vary considerably among lenders and investors, so a challenging deal may still have a workable solution. I look forward to helping you explore your investment-property financing options. Larry Bland Greenhaven Solutions, LLC Professional Solutions for Real Estate Investors Loan programs, interest rates, terms, and qualification requirements are subject to lender guidelines, property eligibility, borrower qualifications, and change without notice. This communication is for informational purposes and does not constitute a commitment to lend.