Posted by Hannah Lapin ● Oct 22, 2019 9:00:00 AM

Who Should I Refer to Visio Lending?

Who Should I refer to Visio_

Through our new Visio Lending Referral Program, Referral Partners can make and track referrals through our comprehensive platform. Our Referral Platform enables Referral Partners to refer to us in seven different methods including social media, emails, a personal URL and more. If you are interested in participating in our Referral Program, you may be wondering who you should refer to us. Here is a look at what kinds of borrowers we are looking for and why our financing fits their needs.

The Basics

Our borrowers are residential real estate investors looking to grow their portfolios of rental properties. This means they own single family homes (1-4 units) that they rent out. Typically, our borrowers own 5 or more rental properties, but the number can vary. We also lend to borrowers looking for financing on vacation rentals. Think, HomeAway and AirBNB properties.

Why Visio?

Often borrowers come to Visio Lending when they do not qualify for conventional financing. Our loan programs are specifically designed for the needs of investors. Here are some of our offerings that appeal to our clientele:

  • We don’t look at your personal income or Debt-to-Income Ratio. To qualify for conventional financing, you must prove that your income is greater than your debt. However, if you own multiple mortgaged rental properties, your debt will be much more significant. That’s why we calculate our loans based on the cash flow of the property instead.
  • We lend to LLCs and corporate entities. Often, real estate investors put their rental properties under a corporation to protect their personal assets. However, if you borrow conventional money, you have to borrow in your own name. We have both options.
  • We make sense of the short-term rents for vacation rentals. Many lenders will not fund vacation rentals, since it is hard to gauge the rental income. However, this is one our specialties and we fund many vacation rentals.

Learn more about why buy and hold investors love working with Visio.

Now, you may be wondering where to find investors. We’ve got you covered. Check out our blog post “The Best Networking Opportunities with Buy and Hold Investors” and our blog category “Networking.” You can also check out our Referral Partner Resources page.

Sign Up for our Referral Program

Related: How to Send Direct Messages on the Visio Referral Platform, How to Suggest a Lead to Visio Lending (And Get Paid)

 

Topics: Referral Program, The Visio Box