The Power of Non-Recourse Financing for Building Wealth скачать в хорошем качестве

The Power of Non-Recourse Financing for Building Wealth

Today you're going to learn what non-recourse financing is, and why it could be the key to helping you build wealth. 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com ----------------- Non-recourse financing is the most difficult mortgage financing to obtain due the stringent nature of the lenders typical underwriting criteria as it relates to individuals and personal guarantees not being present. With non-recourse financing there is no personal guarantee and the mortgage financing is simply qualified based on the assets qualifications. Banks see non-recourse financing as an increased risk typically because there is no recourse present for the actual owner of the property personally which makes it more difficult to obtain as well as qualify for. These non-recourse lenders are looking for the cream of the crop and quality assets in growing superior markets. The fact that we are in the most landlord friendly states in the country gives our lenders extra confidence in offering non-recourse financing due to the laws that benefit the property owner and keeping the asset performing. These factors as well as our track record of success with non-recourse financing over the last 10+ years opens doors that are typically closed for this type of financing or you’d be left paying hard money rates north of 14%. The underwriting process for our pre-approved non-recourse financed projects typically take at least 90 days and getting lenders to compete in order to provide the best rate and terms we can possibly source. Normally start to finish our pre-approved deals take at least 4 months to reach inventory and our clients have the safety of knowing their terms will not change because the financing is already underwritten, approved, and in-place to keep their cash flow analysis from fluctuating. When you work with a full-service team like Morris Invest, you receive benefits like: No points up front (usually there is) Refinance anytime (with no penalty) Pay off anytime (with no penalty) Sell anytime (with no penalty) Lower interest rates (not double digit interest rates 12-15% which is common for non-recourse loans) Not tied to you personally - no credit checks - 100% not tied to you. Based on the property! No hoops to jump through. Already approved - no waiting. If you'd like to learn more about attaining non-recourse financing, book a free call with our team at morrisinvest.com ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.