I think lending is finally loosening up

[Mike V.]

In the past week I have recieved a phone call from two seperate banks - US Bank (I use for my rentals) and a local bank (I use for flips) both wanting to know if I was in need of any financing.
I haven't received a single call since I started doing this seriously several years ago and now I get two in one week.
Anyone else being solicted to borrow money?

[Jon Holdman]

I also had a letter from Chase out of the blue offering to refi one of my rentals. The loan is currently with them (I think, maybe they're just the servicer.) Pretty low fees and the rate goes from 6.875% to 5.5%. I figured it was a bogus letter and they would say "sorry, no" when they found out it was an investment. But no problem. We close tomorrow, just over three weeks.

I too get the kind of letters Mitch mentions. I just pitch those.