Maxwell Post

Applying for a mortgage as a business owner, an entrepreneur, retired individual and have trouble!? Getting approved can be a headache for self employed folks!! Not anymore! Here are a few “common sense” programs I specialize in:

@SullyBusiness Give me a call!!!! Moderndaylending.com

Buying a house with a normal job: "If you could send us over your W2 that would be great. Oh look you're approved!" Buying a house when you're self employed: "If you could send us over 37 different documents that would be great. Oh we can get you approved (maybe) but we need ten more documents.""

RT @brentbement: I love posts like these, mostly from the feedback they get from angry people saying it does not work. A lot of comments fr…

@torysheffer 🚀 huge dude congrats

Bought apartments (8 units): $815,000 Sold apartments: $1,440,000 Timeline: 369 days. May 30, 2024 - June 2, 2025 This was a fun one, way faster than expected. On to the next!

Incredibly, poetically, the last shot ever attempted on an MSG Network broadcast during a playoff game — and the last made FG called by Mike Breen on MSG during a playoff game — is a Jalen Brunson Double Bang game-winning, series-clinching three-pointer.

So you want to buy an Airbnb but you don't have enough money? Here are some debt options you can use 👇

@HF_Trader Hey - Tell your friend to call us :) moderndaylending.com

A friend who is self employed and makes plenty of money was having a very difficult time getting a mortgage. It gave him a ton of anxiety so he withdrew from the deal. He ended up asking a friend to put him on the payroll of his company for 6mo and funded his own paycheck — went back to the market and found another home. Got the mortgage done 10x faster and didn’t have to jump thru any special hoops. He said it was a 10x easier process. Pretty wild and just goes to show how ass backwards the mortgage industry is when it comes to self employed.

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@ZeroBasis 😢

@FilmsRowan @DubZarkus @absolut_wisted @MAGAMemecoin How can different exchanges be so far off? Is this typical?

@DubZarkus @absolut_wisted @MAGAMemecoin Depends on the exchange. About $1.50 on Uniswap

423k $TRUMP tokens on $ETH worth $880,489 have been burned and removed from the circulating supply within the last 24 hours.

@TiletekSensei I’m having same issue - Is the issue Uniswap? I have contacted them

Same contract address

Am I taking crazy pills? Why is there such a huge price discrepancy between the same $MAGA Trump coin on base? One is @CoinbaseWallet and the other is @Uniswap

@TXStrGuy 100% on point. Once you find a solid lending source, stick with them.

TLDR; You'll get the runaround or a no from most hard money lenders unless it's completely straightforward. You're paying a little more or little less but you're still getting shafted. DSCR is pretty solid tho. DM me for the HML spreadsheet.

I spoke with 153 hard money lenders over 2 months trying to find acquisition debt on my latest deal. I naively thought most were actually "private" lenders, and therefore capable of getting creative and competitive. Wrong. Here's everything I wish I would've known beforehand.

@LorenCharnley @Lifeinvestmoney You still would need 2 years tax returns/w2s even if you pay yourself w2 from the Scorp. Moderndaylending.com

@Lifeinvestmoney I don’t understand why this trips people up. Have her OF payments paid to a Sub-S corp, sign up for a payroll service and pay most of the income out as W-2 earnings. She works for the Corp. now she has a w-2.

I have this friend And his wife makes $900,000/yr as an OnlyFans model He's a stay at home dad and shitposts on Twitter all day to make $152/month They want to buy a house but can't get approved for a mortgage because no w2 What would you tell them? 🤔

@BlackLabelAdvsr @nicolaus @GoracleOfDelphi You would have to show the w2 on your tax return for atleast 1 year to be able to use the w2 income.

@nicolaus @GoracleOfDelphi Then that bank is not following the law. They are required to in all 50 states.

I make 8x more money than my wife. But the bank ignored ALL my income for our mortgage. Apparently Banks read “business owner” as “unemployed liar” Am I alone, or is getting a mortgage as a founder/SMB owner miserable?

@RRoughRider @GRomePow @Tylerban Saturated str markets most likely

@TrailMeeks @GRomePow @Tylerban Why? Can't find renters?

Live update from subprime mortgage contact

@pinpulleddrmf Moderndaylending.com

Getting approved for a mortgage as an employee vs entrepreneur: As a W2: Me: I work for a start up that sells ketchup popsicles to Southern grandmothers with white gloves. I’m the head of inclusion and we have a month left of runway. Bank: Approved As an Entrepreneur: Me: I paint homes solo for $1000/hr and am booked out 8 months. Bank: You have to liquidate everything, get your entire family to co-sign, and provide your last 15 google reviews.

@GRomePow @Tylerban This has been going on for 10+ years with a short break after 08- apparently these are the highest delinquencies currently.

@Tylerban They're using no income no job loans to buy rental priorities again

Applying for a mortgage as a business owner, an entrepreneur, retired individual and have trouble!? Getting approved can be a headache for self employed folks!! Not anymore! Here are a few “common sense” programs I specialize in:

@realestatedude0 @Chase @BankofAmerica Moderndaylending.com

Big Banks are the worst to deal With when buying a home. Co worker of mine deal fell out of escrow @Chase bank declined the loan after they said they would get loan docs in a few days. They literally wasted 3 weeks of everyone’s time. @Chase @BankofAmerica etc are the worst lenders to use for self employed borrowers even sometimes for w2 borrowers. If you never bought a home , 700 fico , and are W2 then use them. Majority of the loans are with brokers/direct lenders. Like UWM, Sunwest Mortgage , Amcap , etc