All Forum Posts by: Brennan Crick

@Jay Hinrichs forgot to tag, see above response 

No, I learned that valuable lesson a long time ago. I will NEVER pay a lender or broker any up front fees before closing. I repeat. NEVER!!!

I have $1000 in earnest money. Paid one year of insurance over 2k already and $400 For appraisal. $350 for inspection. That’s out of pocket and another 30k in escrow for the down payment and fees. 

@Israel Lopez I had to get my partner on this because they are asking for a co-signer even when I’m qualified in the first place. Even He is asking for the appraisal report so we can give over the deal together, which we are still waiting for. But please let me know what you can do. I can present current terms.

@Neil Schoepp I figured as much, but I hate wasting peoples time, especially the seller, because I’ve been on the other side and it’s very stressful and frustrating. I don’t wish that on anyone. But you’re right. Another lender may be the solution. my current lender is very incompetent to say the least.

I’m need need of assistance! I have a deal that supposed to close a month ago. Down payment and closing cost already wired to escrow. The Current lenders are dragging out the process asking for last minute documents when they should’ve ask for them on first initial review. They are taking to long to review a simple request. I’m trying to hold out and leap through the hoops to get this deal closed but it seams it’s a never ending process. Every couple of days they ask for a new document. This company are not organized at all! Please help.

Purchase price: $87,500

Current appraised value: $202,000

20% + fees are in escrow

2 story (3 bed , 1.5 bath) adding a bath in Reno. 1500 sq ft. Double lot.

I'm also interested in this.

You know, a good thing to look into is an APP called "thumbtack" It has all the trade workers in the area that you can get bids with. Just post what job you need done, and it will show the availability of qualified professionals around your area. They are ranked by an rating system so you can see by reviews how qualified a company is. I have nothing but the best results using this app. Highly recommend 

@Mario Cuartas

The refi seasoning period is based on lenders. You’ll have to network around to find one that will refi whenever if the numbers are right. The for daws with no upfront payments, You’ll have to find and work with your GC and tell them how you are financing the rehab with a lender. If you tell them you are doing draws from the start they might work with you on that. The good contractors have Lines of credit to front the materials

@Web Annacius

“Cash for keys” is by far the most cost effective way to get rid of unwanted tenants. Get them out ASAP so you can get the tenant you want for cash flow. An effective low key strategy.