I will not be ignored!!!

[Mara Witt]

I'm trying to just get some info. I currently own a 3 family and would like to get into renting more properties. I don't have a large down payment so am beginning to look seriously at house hacking. So, refinancing my current mortgage to a conventional loan, and going FHA on another two or three family. I just want to talk to someone about it, and see if the numbers would work and if its something I could really do. I've contacted 3 mortgage guys, 2 that I have worked with before, and I keep getting blown off. Do they know something I don't know? I get that not really having money isn't a big draw when looking for someone to work with, but I'm really just looking for info right now, tell me what I need to do to get there. Is this something I could figure out myself? I've messed around with some of the calculators on line, but it seems like the amounts can vary pretty widely. I have a lot of questions. I'm serious about doing this, I just want someone to take me seriously...

[Account Closed]

Originally posted by @Mara Witt:

I don't have a property in mind, 

Look at it from the banks perspective.  What do you bring to the table?

No property.
No equity.

No deal.

Just a desire.  What is it that you're truly expecting them to do?

Go fill out an application for a refinance if you want.  They'll start paying more attention to you.  I don't think you'll get anything out of your refinance, but they'll pay more attention.

Since you asked everybody's opinion, I will throw mine in the ring.

• Keep educating yourself.
• Wholesale to make extra cash if you wish.
• Keep paying down your credit cards.  Get the balance to zero.
• Keep paying on your home.  Make a move with your primary home after five years of equity build-up (I wouldn't even consider it before then).
• If you really MUST get a deal, find a deal and go into it with a partner.  All the caveats here apply.

Whatever you do, don't stop.  Just keep moving forward towards your investment objectives.

And, contacting three lenders is not a lot of action.  Contact 20.  But, contact them with something actionable.

Keep rockin'.