I have a buddy of mine (you may want to use this in your posts :)
HE is gobbling up houses three at a time every 6 months owner occ getting the lower rates etc…
He is also a loan officer that makes this happen for others…
Obviously this is a quick way to acquire many props, but what are the risks?? Jail time? Bankruptcy?? And i mean the risk associated with being caught in this type of fraud???
I’m starting to aquire more props… so far i’ve done 3 owner occ flips one at a time over 18 months just by moving in for a lil while and fixing things.
SO WHAT ARE YOUR THOUGHTS???
not necessarily what U are doing but a freind or acquaintance??
DO i buy three @ once with three different lenders and agents or do i buy ONE every 3 months?? I’ve got enuff in reserve for three also, which i know is a big portion of it!
