February 5, 2017
Sent loan application, personal financial information, and Bigger Pockets BRRRR analysis worksheet to three local lenders. 1 conventional, 1 portfolio lender, and 1 hard money lender.
Conversed with 2 Bigger Pockets members about strategies to remove the cigarette smoke issue.
Received a cleaning quote from a contractor that specializes in removing smells. I was connected to him via Thumbtack. All he seems to do is run a ozone generator after everything is already clean. He does no dirty work.
My lungs are burning from being in that nasty house, yesterday.
February 6, 2017
Received pricing info from title company that the auction house referred me too.
Feedback from lenders:
Conventional lender: Not enough time
Portfolio lender: Their average closing time is less than half of the time that I have available. I will check back in with the loan officer tomorrow. Officer with I spoke today was positive.
Hard Money Lender: Went over the deal with him for 20 minutes after which he agreed to do the deal! He suggested that I exhaust my cheaper options before I agree to his fees and high interest rate. After a post phone call analysis I've determined that even with his higher fees and rates, this is still a great deal!
Communicated with another contractor about his company's deodorization process. His company actually does the dirty work before running air filtering machines. I'm glad that there are people who do this work, because I wouldn't be able to stay in the house long enough to do it.
This is going to work out just fine.
