Do you think using an RMLO would be a good source of buyers?
RMLO stands for Registered Mortgage Loan Originator. Watch this short video and find out Lou’s answer to this question.
For more valuable information click on this link and watch the complete episode: https://youtu.be/hsVNrVMjQ0g – “Insider Secrets To Non-Stop Deals”
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How to Help People While Helping Yourself – Become a Certified Affordable Housing Provider™
Create Your 10 Million Dollar Retirement Plan – specific formula revealed
Learn Hidden Profits Available in ANY Deal – worth thousand$
How to Take Over the Seller’s Loan with NO Money
How to Have the Seller PAY YOU to Buy Their Home – no kidding!
Buying Without Bank Loans – over forty years and never one bank loan!!
Easy Ways to LEGALLY Raise Big Money for Your Deals
Renovations – Quick Ways to Safely Make Huge Cash Now
Money-Making Management Secrets from a 40 year veteran who manages over 150 now
Accelerating Your Cash Flow – Add built-in “Profit Centers” – extra hundred$ per month
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How to Protect Your Deal from Someone Else Stealing it
Legally Pay ZERO Taxes on Your Real Estate Portfolio – simple structure worth thousands
Having Tenants Leave Your Property in Better Condition than When You Gave It to Them
Why Land and Personal Property Trusts are the Best Privacy and Asset Protection
Benefits of Trusts You Cannot Get With ANY Other Entity
The Due-on-Sale Clause – What it is and How to Avoid it Legally
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This is the one I got a little bit ahead of myself on Matt Smith says, do you think using an RMLO would be a good source of buyers? So first of all, what’s an RMLO?
A Registered Mortgage Loan Originator, an R M L O is a good and helpful person to have on your team. And yes, indeed, they have people that they turn down all the time that can’t qualify the traditional way. They either don’t have good enough credit or they don’t have good enough down payment. One just happened to me in the last week where we had someone purchasing a property and guess what they at last minute, which is typically how this happens, the lender comes in and says, we’re going to put some new underwriting criteria on this loan. And they said that he was going to have to not only qualify for the loan, but his father was going to have to become a buyer and going to have to sign for the loan as well. Well, needless to say, that blew the transaction up, and that is a perfect person to bring our way when that RMLO has that situation happened so that we can now take on that individual without the father having to be involved and put them into a home through our Path To Home Ownership Program and import, to note that the RMLO will be paid for that referral.