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All Forum Posts by: John S Thomson

John S Thomson has started 1 posts and replied 6 times.

Post: Pro Membership Refund

John S ThomsonPosted
  • Posts 6
  • Votes 1
Quote from @Michael S.:

@Account Closed

Please email us support @ biggerpockets.com and we'll process it

I need to cancel also it's been less then 30 day on podcast they said full refund under 30 days. Can I get the refund yes or no I did a year subscription? 

Post: Hello all advice on pre-approval

John S ThomsonPosted
  • Posts 6
  • Votes 1
Quote from @Tom S.:

@John S Thomson I mainly do the BBBR method: buying fixers, rehabbing, keeping them as rentals, and then refinancing and pulling out cash for more investments.  I primarily work in the Washington county area these days, the greater Montpelier area which seems to have a good job market and very low vacancy rates.

Right I don't have allot of money was looking for something to make cash so I could scale I don't really have years and years. 

Post: Hello all advice on pre-approval

John S ThomsonPosted
  • Posts 6
  • Votes 1
Quote from @Tom S.:

@John S Thomson  If you're looking to buy in SC but live in VT, I would go with a national mortgage broker.  One credit pull and they can shop around rates.  Many of the local banks in VT only lend in VT or New England.  Some of the smallest only loan in certain counties in VT.  That said, I found for lending in VT the local banks were fairly easy to work with.  Many times the loan officer knew the property in question.

Good luck!

Ok thanks have you done any bnb or anything else I'm near rutland do I could probably do something here since Killington and the lakes around most the multi family here in my town where built in the 1800's and they are asking a lot of money for them. I got land but needs a totally new house on it maybe I should start there. But that would only be a single family not sure if I could bnb it I'll check with town. Oh well thank you 

Post: Hello all advice on pre-approval

John S ThomsonPosted
  • Posts 6
  • Votes 1
Quote from @Aj Parikh:

Hi John, it is a good practice to also share with the lender what you are trying to do with your investing journey. They have different loan products that might work for the investment strategy you are pursuing. One of the things that might help with mindset is think as if you are about to buy 5 properties , would you go to different lenders for each? So do all the research and talk to multiple lenders and then make sure you build a long term relationship with the lender. 

If you need help with connecting with national lenders, feel free to reach out. I will be happy to help. 

Ok thanks I was looking into BNB first to build money up then use that money to get into ltl mf. I live in Vermont and not sure if I should try to do that here or down south since  things get real slow in winter here. I was just wondering if I wanted to do bnb in say SC and I'm in Vermont I don't know if I can use my bank I use everyday ? Im new to this and work third shift with two kids to raise so time is very thin since I'm awake while everyone else sleeps. 

Post: Hello all advice on pre-approval

John S ThomsonPosted
  • Posts 6
  • Votes 1
Quote from @Nathan Gesner:
Quote from @John S Thomson:

Hello all just getting started well actually just started thing about real estate been listening to the podcast at work since I found it in July . Question is where is the best place to try pre approval? Should I go to local bank try online stuff? Any info would be greatly appreciated Thank you 


I prefer local lenders over national companies. Try interviewing several. Even if they all have the same products, you may find one that is easier to communicate with, has better personal service, or you just mesh better with.

Ok so then I should do the back where I do all my banking first? 

Post: Hello all advice on pre-approval

John S ThomsonPosted
  • Posts 6
  • Votes 1

Hello all just getting started well actually just started thing about real estate been listening to the podcast at work since I found it in July . Question is where is the best place to try pre approval? Should I go to local bank try online stuff? Any info would be greatly appreciated Thank you