Forum Replies Created

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    Gustan Cho

    Administrator
    October 5, 2023 at 12:36 pm in reply to: Recession Proof Business

    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.

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    Gustan Cho

    Administrator
    October 5, 2023 at 4:19 am in reply to: CREDIT CARD (Upto 120K)

    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.

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    Gustan Cho

    Administrator
    October 5, 2023 at 4:08 am in reply to: I-Tech Realty | Michigan’s Premier Realtor

    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.

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    Gustan Cho

    Administrator
    October 5, 2023 at 1:22 am in reply to: FANNIE MAE 5% Down Payment ON 2 TO 4 UNIT

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

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    Gustan Cho

    Administrator
    October 5, 2023 at 1:19 am in reply to: NON-QM QUESTIONS & FAQ’s FROM AN AE’S POV

    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?

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    Gustan Cho

    Administrator
    October 5, 2023 at 1:17 am in reply to: CREDIT CARD (Upto 120K)

    Andy, I will respond to your question. credit scores down to 680 FICO, you can get unsecured business cards but lower amount with full doc. However, I have seen someone get consumer credit scores up 87 points in 24 hours. What type of business are you in?

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    Gustan Cho

    Administrator
    October 4, 2023 at 8:41 pm in reply to: NON-QM QUESTIONS & FAQ’s FROM AN AE’S POV

    Cameron, buyer is buying a renovated single family home that has been purchased four months ago. What is the seasoning requirements.

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    Gustan Cho

    Administrator
    October 4, 2023 at 8:39 pm in reply to: NON-QM QUESTIONS & FAQ’s FROM AN AE’S POV

    Cameron, what type of multi family apartment building loans can The Lender do. What is the maximum number of units, the minimum credit score required, and loan-to-value on apartment buildings.

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    Gustan Cho

    Administrator
    October 4, 2023 at 8:33 pm in reply to: CREDIT CARD (Upto 120K)

    We have other credit card and line of credit programs but it for a lower amount and may require docs. Please submit a pre-submission questionnaire at http://www.lendingnetwork.org and email us for any specific questions. We can help you boost your credit scores to reach your goals. 740 FICO will enable you for a $120k or $250k 0% business credit cards. You need a 780 credit score for a 780 credit score. If you need help you can contact Felix Nicolas at felix@gustancho.com. looking forward to working with you.

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