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Updated over 4 years ago,

User Stats

7
Posts
3
Votes
Sheilla Vidal
3
Votes |
7
Posts

Should I work with my own lender or turnkey recommended lender?

Sheilla Vidal
Posted

Hello, Biggerpockets community of investors, Im working on my first deal with a turnkey company. The agent gave me some recommendations of preferred lenders even though I told her I'm already working with one.  She said they would prefer if I'd work their preferred lenders. I didnt think much of it, and moved on. I figured yeah, you have your choice but I can choose my lender too right? I've had my lender send the required preapproval letter, and thenthe turnkey agent told me to work with her lender instead. I told her Ive already started the process, dont want to start over and delay getting the property. She told me she will hold the property for me if I agreed to work with her lender. Is this a common practice, or even ethical? Should I run? Not sure what to do now? I appreciate your advise, as Im so new to all this. 

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