All Forum Posts by: Joshua R.

Welcome Jermaine! Biggerpockets is a great place to learn. Everyone is very helpful and full of useful advice. Don't hesitate to ask around.

@Frank S. I reached out to guaranteed rate to speak with one of their consultants. I am still in the process of prequalification but they are very accommodating. Let me know if I can help out in any other ways. Also let me know if you ever want to meet up. I'm always trying to expand my network in the city.

Best,

Josh

Thank you all for the insight and advice. I definitely have some good questions to ask my loan officer and I have a better idea of what to look for when shopping around for my loan. I really appreciate the help.

My mistake I didn't clarify. It is for a property that I would occupy. It was also as it relates to a loan officer

I am in the process of purchasing my first investment property. I am setting up meetings with a few different FHA Consultants to discuss pre-approval for an FHA 203(k) streamline. The loan is for 200,000.00. How much money should be available when trying to get pre-approved? Should I have just the down payment ready, or the down payment+closing costs, or a certain percentage of the entire loan? Please any insight or experiences that can shed some light to this question will be greatly appreciated. Thank you in advance!

I am in the process of purchasing my first investment property. I am setting up meetings with a few different FHA Consultants to discuss pre-approval for an FHA 203(k) streamline. The loan is for 200,000.00. How much money should be available when trying to get pre-approved? Should I have just the down payment ready, or the down payment+closing costs, or a certain percentage of the entire loan? Please any insight or experiences that can shed some light to this question will be greatly appreciated. Thank you in advance!

@Lumi Ispas thank you very much I really appreciate the referral! I look forward to your message. Thanks again

@steven gesis thank you so much for the website recommendation. I definitely will take your advice serious and properly screen potential consultants. I will also check out that website to see if I can find anyone local to me. Was this particular website the way you located your consultant? Thanks again.

@charliefitzgerald thank you for the recommendation I will reach out to them!

I am in the process of making my first purchase in Chicago. I am currently researching and screening FHA 203(k) consultants. Can anyone make any recommendations of good consultants that they have worked with or consultants that have a good reputation with new investors? Any insight would be greatly appreciated. Also if you need more information before recommending someone please ask so I can answer any questions. Thank you in advance!