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All Forum Posts by: Garrett M.

Garrett M. has started 24 posts and replied 174 times.

Post: Lender adding points late in the game!

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66

Has this happened to you? I’m very late in the game on multiple refinance loans and the lender keeps increasing the closing costs through increased points.

Now there’s about $10k in closing costs that were not on the initial estimates.

I feel like I’m getting kicked around by the lender. Your Best and quickest advice is appreciated.

The original estimates had reasonable point costs like around .625 of a point, now very late in the process they are at 2.75 points. I have excellent credit and nothing on my end has changed.

Aren’t those Good Faith Estimates supposed to be honored?

What’s the best way to push back? Or do I walk away?

Post: BRRRR in Suburban (good schools) Philadelphia

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66

Watch out for the suburban taxes @Elaine Lai. If you are holding, higher taxes could eat all of your cashflow!

Post: Cash Out Refi in Philadelphia Area

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66

@Karl Schnitzer check out Jim Lamb with Mortgage Network in fairmount. They've done my last couple 30 yr 5.75% personal name.

Post: Easiest Way to Achieve Passive Income

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66

@Lynnette E.

Love that you have your kids learning the business! So smart.

Most kids these days don’t understand the value of working. Your children will and they will succeed because of your hardwork and the education you’ve provided them.

Post: Cost of Gut rehab on 1500sq ft in Philadelphia?! Including basement!

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66

@Patria Smith

Hi Patria- I sent you a connection request so I could send you a recommendation.

Post: Recommendations For Tax Adviser/CPA In The Philadelphia Area

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66

@Marquise Reynolds please see last post...

Post: Recommendations For Tax Adviser/CPA In The Philadelphia Area

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66

Joe Spina in Fairmount. He's a CPA and a big investor

Post: Mortgages for Seniors in Australia: I need a lender

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66
Dear BP friends, I am trying to help Family in Sydney, Australia to find a mortgage lender that works with seniors. They are 69 and 65 and are saying they can’t get a mortgage. They are buying in a town 90 minutes from Sydney and currently own no real property. They have plenty for a down payment. The home is approximately 600k. Can anyone recommend a strategy or a specifIc lender that can work with older Australians? Could I be a guarantor for them? I would deeply appreciate any advice!! Thanks!

Post: seller financing lawyer

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66
Looking for same thing as above👆👆. Any recommendations? Thanks!!

Post: Licensed contractor Philadelphia

Garrett M.
Posted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 180
  • Votes 66
I can recommend someone. Dm me.