[Gustan Cho]

When we spoke a while back you said you can do a VA manual underwrite with as little as 6 months free of derogatory credit. Is that still the case? If so, Gus has a few files that may be a good fit. Can you two please connect?

[Gustan Cho]

How about 2 to 4 units. Does second mortgage on piggyback lower than 90% LTV, Cameron? Can he get a seller second?

[Gustan Cho]

Good morning Cameron. Tim has a client buying a 4 unit buying a 4 unit multi family owner occupied home in Los Angeles for $3 million. Maximum FHA loan limits in Los Angeles County is $2.1 million. Can he get a second 95% CLTV for a high balance FHA loan? Do you have any idea Cameron LeClair the man.

[Gustan Cho]

In a recession, the best industry that is not affected as much are the health care, food industry, bankruptcy attorneys, public transportation, automotive repair, and affordable housing.

[Gustan Cho]

Totally agree. No matter how much a credit expert wants to help someone it will never be a success unless the client is committed and cooperates 110%

Otherwise it is a waste of time, and defeats the purpose. It is definitely doable but doesn’t happen overnight. Extremely time consuming and requires a lot of patience from both parties. However, if you work hard with a mission for success, the results are beyond rewarding and a life changer.

[Gustan Cho]

Kingsley, here’s my 2000 Tiffin Zephyr. Has 50,000 miles. Has a slide, kitchen. Bedroom, sleeps 8. Diesel Cummings. I purchased this motor home in 2010 and barely used it for 1,000 miles. I was planning on doing a complete renovation by adding 3 additional slides and complete new interior with new electrical equipment and hardwood floors and new cabinets and bathroom. Brand new Class A motor homes runs over $1 million the way I want it finsihed. My buddy Greg Stadlin works for Collier Motor home and his client has a 2007 37 ft motor home that did a complete renovation and added three slides

Interior and exterior renovation with three brand new slides and premium electronics and accessories at a cost of $150,000. Television, stereo, front, side, and back camera systems, satellite, New cabinets. Granite counters and much more.

[Gustan Cho]

This is great news, Max. Is there self-sufficiency test like FHA loans for two to four unit multi family housing?

[Gustan Cho]

Cool. Felix Nicolas has a deal for you then. How long is the seasoning requirement for the down payment on gift funds for the down payment?

[Gustan Cho]

how do you run for U.S. Congress

Running for U.S. Congress is a complex process that involves several steps and requires careful planning and organization. Here’s a general outline of how to run for Congress:

1. Eligibility:

   • To run for the U.S. House of Representatives, you must be at least 25 years old, a U.S. citizen for at least seven years, and a resident of the state you wish to represent.
   • To run for the U.S. Senate, you must be at least 30 years old, a U.S. citizen for at least nine years, and a resident of the state you wish to represent.

2. Determine Your District:

   • Find out which congressional district you want to represent. You must reside in the district you plan to run in.

3. Choose a Political Party:

   • Decide whether you want to run as a member of a political party (e.g., Democrat or Republican) or as an independent candidate.

4. Financial Planning:

   • Understand the financial aspects of your campaign. Running for Congress can be expensive, so you’ll need to secure funding through donations, personal contributions, or fundraising events.

5. Create a Campaign Committee:

   • Establish a campaign committee to manage and track campaign finances. This committee will help ensure compliance with campaign finance laws.

6. Register with the Federal Election Commission (FEC):

   • If you plan to raise and spend more than $5,000 on your campaign, you must register with the FEC and adhere to their reporting requirements.

7. Develop a Campaign Strategy:

   • Define your campaign message and goals.
   • Identify key issues that resonate with your constituents.
   • Create a campaign team and hire staff as needed.
   • Develop a campaign plan, including outreach, advertising, and voter engagement strategies.

8. Petition or File Nomination Papers:

   • Depending on your state’s requirements, you may need to collect signatures from registered voters to qualify for the ballot or file nomination papers. Check with your state’s election office for specific requirements.

9. Fundraising:

   • Launch fundraising efforts to secure the necessary funds for your campaign.
   • Comply with campaign finance laws and disclosure requirements.

10. Campaigning:

    • Engage in grassroots campaigning, attend local events, and connect with voters.
    • Participate in debates and forums to discuss your positions on important issues.
    • Utilize digital and traditional media to reach a broader audience.
    • Knock on doors and make phone calls to connect with voters personally.

11. Get Out the Vote (GOTV) Efforts:

    • Mobilize supporters to ensure they vote on Election Day.
    • Use volunteer networks to help with GOTV efforts.

12. Election Day:

    • Encourage your supporters to vote.
    • Monitor the election results and be prepared for any potential legal or recount challenges.

13. Post-Election:

    • If you win, prepare to take office by assembling a transition team and addressing constituent needs.
    • If you don’t win, consider future political involvement or advocacy efforts.

Remember that running for Congress is a significant commitment, and it’s important to be well-prepared and informed about the political process, campaign finance laws, and the issues that matter to your constituents. Additionally, you should consult with legal and financial experts to ensure compliance with all applicable laws and regulations.