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

[Sheilla Vidal]

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. 

[AJ Singh]

@Sheilla Vidal

Have you checked the MLS comps and made sure the turnkey price is market and not over. The appraisal always plays a role in execution of the loan. i would use their preferred lender if the terms are better than your lender .

Please make sure the property you are buying is rehabbed as listed. Make sure you take a trip to Ohio and visit your property. Seen too many threads on BP about bad real estate experiences.

Best of Luck