How to Qualify and Prepare for your Next Investment Property

06/22/22 • 34 min

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")

You can join these live each week by following this link to join the call:
https://community.ridgelendinggroup.com/events/live-with-caeli-each-tuesday-beginning-at-430-pm-et/listAs always, give Ridge Lending Group a call if you have any questions at 855-747-4343 or email us at [email protected] or send a text to 503-741-2142

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")

Previous Episode

Market Wrap Review for the Week of 6-13-2022

Larry Bailey hosts this episode and reviews some current market information and how this could affect you as a real estate investor.
You can join these live each week by following this link to join the call:
https://community.ridgelendinggroup.com/events/live-with-caeli-each-tuesday-beginning-at-430-pm-et/listAs always, give Ridge Lending Group a call if you have any questions at 855-747-4343 or email us at [email protected]

Next Episode

Weekly Market Newsletter 6-27-2022 www.RidgeLendingGroup.com

This is the weekly market newsletter from Ridge Lending Group. We review the events from the previous week in detail. Today's episode is reviewing the events from the week of 6-20-2022.
The topics reviewed are:

Existing Home Sales Still Strong Into Summer
The Real Scoop on New Home Inventory
Fed Chair Powell Testifies That Recession Is “Certainly a Possibility”
Single-family Rent Price Growth Hits New Record
Is An Increase In Jobless Claims Ahead?

The information is sourced from MBS Highway.
As always, give Ridge Lending Group a call if you have any questions at 855-747-4343 or email us at [email protected]

Calling All Real Estate Investors - How to Qualify and Prepare for your Next Investment Property

Transcript

1
00:00:02.490 --> 00:00:11.519
Larry Bailey: Hello Hello Hello everyone Larry Bailey here, welcome to another live with Caeli show we're here with courtesy of Ridge Lending Group.
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00:00:12.030 --> 00:00:23.310
Larry Bailey: And, as I always like to remind folks rich lending can always be reached, you can call toll free at 855 74 Ridge, you can email [email protected]
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00:00:23.850 --> 00:00:34.380
Larry Bailey: can walk in if you happen to be in po