All Forum Posts by: Chanise P.

@Craig Curelop i purchased the PA forms and I did have a question that i was going to post but then ran into this thread!

Here goes: On the Rental app In the first section it says "anticipated move in date, at a monthly rent of , and then "utility" fee...if the tenant is responsible for some or all of the utilities what goes in this section? Or am i completely missing something and "utility fee" is for something else?

Thanks!

@Jay Helms I thought i'd missed something. I know in just about EVERY podcast somehow his dislike for Detroit comes up. You had me for a second!

@Vijaianand Thirunageswaram Thanks! I've already set an appt for tomorrow to get preapproved. I already had all the paperwork. My biggest issue was the realization that closing costs can get pretty significant. I am doing an FHA loan on a multi and just didn't account for huge costs at the end.

@Chizoh Uzegbu Yeah i'm on it! My fiancee and i like to travel but with work demands can only do so once or twice a year. We will be singing a different tune in a few years!

@Chizoh Uzegbu We basically have the same goals for year 2018. I set this goal at the end of 2017 and you have already surpassed me. Thanks for that kick in the rear!! I'm gonna move things along. I think i was stuck over analyzing and fearful stage but i really need to move into gear with this! Thanks!

@Maya Clark thanks for your input. i think i just need to get stronger at the initial conversation and really letting the agent know my goals. I thought I'd done a pretty good job of that but maybe not. Since this is my first purchase, I'm very apprehensive about choosing the "wrong" team....

@Lynn McGeeinYes i'm finding that FHAs are pretty expensive but it's the only viable way to get a 4plex in my area this year. I'm a member of Navy Federal and the quote that i received was from them. The zero down option is for a single family property only. I'm finding that this credit union is not very "investor" friendly...i used the quotes because i'm not yet an investor. I have looked into state and county grants and have started the paperwork to apply for them. A friend who knows the area but didnt' like her realtor let me know about them a few months ago. Thanks for your input!

@Richard D. thanks! I've decided to do just that and my gut says NO...

@Dave Skow This is my first purchase so i don't have anyone that i've used before and i'm newer to the area so i'm taking referrals from people i don't really know...ie other bigger pockets members and coworkers

@Tyler Delbert i will definitely keep that in mind! Thanks!

@Ola Dantis Yes i have no issue with them asking first, that seems like an automatic courtesy. My issue was that they hadn't tried before saying it couldn't be done, so i felt that either they are so new that they don't have any references OR they don't have any good ones. Both google searches only brought up LinkedIn pages...

Thank you all for your responses. I think i'm going to go back to the drawing board and back to the bank to reasses these closing costs. I'll take a better look at all lines of the estimate and ask more detailed questions. I have decided to expand my realtor search. I just don't think that these two were the right fit for me. I got a little overzealous but had a nagging feeling that i shouldn't go w/ them from the start(largely based on their inexperience) but after speaking with them and finding out that changing my lease to month to month will cost an extra $220/month, I got sucked up in a whirlwind of urgency, emotion, and excitement. I'm taking a step back and letting logic take the wheel again. I leave for a work trip tomorrow and i'll take that time to research more and spend more time in this forum while also deciding where i'm going to get my preapproval from and scheduling the appropriate meetings.

Thanks! I really appreciate all of the responses.

@Chris Mason its VERY inconsistent with the quotes i received. My credit union quoted at exactly 8% of the purchase price not even the loan amount..granted with an FHA theres barely a difference but still....i think i'm going to reach back out to my credit union and get another quote. I was physically in the branch that day...i should've asked for a manager or another mortgage professional. There were also all kinds of fees. Origination, discount, a quote for the year of PMI upfront(she later removed that) another indication that i should've asked for someone else....

@Cara Lonsdale I just keep hearing that real estate is a networking and relationships game. I know these people don't have 20+ years in the business yet so i'd like a convo w/ past clients. They don't have a track record that "speaks for itself" yet so i was looking for some reassurances. I think i'm going to take this as a sign that i need to keep looking the right professionals to assist in this process.

@Chris Mason I understand the concept of not doing too much for someone wasting time. But i've expressed to them that i'm interested in moving pretty fast through the process but not so fast that i shoot myself in the foot, i've done everything theyve asked short of the application which was supposed to be done today in person at 4:30 ( i will likely cancel that meeting). I was honestly just getting everything in order when i realized from my notes that i hadn't asked for references  and then BAM I got an answer i was in no way prepared/expected to receive.