All Forum Posts by: David Mo

Welcome @Karmine Cramer! 

Flying out to see the areas that you'll invest in is due diligence and I find it odd the realtor is strongly discouraging you from that step. Well based on that logic, home inspections cost money too and I could save towards my next down payment by skipping those. 

Having a full stop shop doesn't seem weird from an efficiency standpoint, especially when these businesses are synergistic. Working with a full stop shop doesn't remove the need for you to do your own due diligence. 

There's no better way for you to alleviate your doubt than to fly in and see her operation and the places you want to invest in person. 

Hi @Briley Roe,

Is this the loan estimate or initial closing disclosure? 

You could get the 3rd party processing fee removed by working with a broker/lender that does in house processing.

Seems you're being gouged for the appraisal review and admin fee...that's ridiculous. 
My guess is that the "broker fee" is actually points for the rate.

The underwriting fee seems typical.

Alternatively to help with closing costs you could ask the broker to take a higher interest rate to receive more of a credit back. 

Hi @Wangyu Her! 

I was in a similar position as you when I was in college. I knew I wanted to be involved in real estate somehow but didn't know to what degree, so I just saved up through school and bought my first house-hack shortly after graduating college. It's been a wild ride ever since! It's awesome you're interested in real estate in your current position. Keep growing that passion and get started soon. You can only learn so much theory before it needs to be applied. 

Right now I'm a full time lender and work primarily with investors. I used to be a realtor and had the same focus. I've built a great network of people over the years. I am not a wholesaler but would be happy to connect and help you on your journey how I can! 

Best of luck,

Mo

@Leehoo Sayag, I'm a real estate investor, agent, and loan officer in Milwaukee. I've worked with a lot of investors from Israel and have a network of people you can leverage. 

Oz Rubinstein is a realtor and investor from Israel who currently operates in Milwaukee. He has a property management company as well and works with a lot of investors from Israel. 

Marie Moezen with Keller Williams is an investor and realtor in Milwaukee and has a lot of patience with her clients. 

I'd be happy to get you guys connected if interested. Just let me know! 

Hi @Amaris Aguilar! 

I have a GC that does all my unit turns and flips. Shoot me your number in a DM and I'll connect you with him...his name is Scott. 

Hi @Reed Meyer, I can introduce you to my GC Scott...he does all the work on my properties and for some of my clients too. Shoot me a private message if you're interested with your phone number and I'll introduce you two through text (or email if you prefer). 

I love Carol Ford! 

Great description of your first investment and congratulations on the success! I hope you two continue to kill it :) 

Hi @Brendan Terranova, welcome to Milwaukee and BiggerPockets! 

I'm an investor and realtor in the Milwaukee area and would love to connect over a coffee and talk about real estate investing! 

Let's go @Lisa-Marie Franco-Garcia! I love West Allis for investment properties :)