All Forum Posts by: Michael Williams

I have recently secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are different terms and conditions I should ask for when speaking with multiple residential and commercial lenders? Should I contact local lenders at banks and credit unions in my area or should I also speak with lenders outside of my city/state?

I've recently secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are different terms and conditions I should ask for when speaking with multiple residential and commercial lenders? Should I contact local lenders at banks and credit unions in my area or should I also speak with lenders outside of my city/state?

I've secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are different terms and conditions I should ask for when speaking with multiple residential and commercial lenders? Should I contact local lenders at banks and credit unions in my area or should I also speak with lenders outside of my city-state?

I've secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are different terms and conditions I should ask for when speaking with multiple residential and commercial lenders? Should I contact local lenders at banks and credit unions in my area or should I also speak with lenders outside of my city/state?

 Yes, my lender told me I need to have the funds in my account for two months before I qualify for a pre approval letter. Thank you

I spoke with my lender and he said I need to have the funds in my account for two months before I qualify for a pre approval letter. 

How would I be able to make offers on multi family properties in my area without a pre qual letter from my lender? I have a family member who will loan me the down payment on a multi family property, they have not transferred the funds into my account yet. How would I still be able to make offers on properties? Or should I just wait until the funds are in my account and receive a pre approval letter from my lender?