Record What Would Change the Intended Use of an Investment Property

By Don McClain | Founder & Principal, Medro Advisors. Extend ALS’s October 23 use-and-holding-period review with a change-of-plan note. State today’s intended use, the event that could change it and the questions to revisit with the financing team before acting. A longer hold, different rental approach or proposed personal occupancy deserves explicit discussion rather than an unnoticed change to the original description. Keep the current facts separate from alternatives under consideration. Actual eligibility and obligations depend on the arrangement. Start with the property plan at https://americasloansource.com/financing/dscr-rental-property/

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