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All Forum Posts by: Robert P.

Robert P. has started 10 posts and replied 35 times.

Post: 5 Day Notice Illinois

Robert P.Posted
  • Investor
  • Naperville, IL
  • Posts 37
  • Votes 11

Can't you just post the notice on their door?  Take a picture of that.  Served.

Post: Getting mortgage pre-approval before making an offer?

Robert P.Posted
  • Investor
  • Naperville, IL
  • Posts 37
  • Votes 11

Is there a general consensus as to whether or not using a mortgage broker is a good idea?  Is it a waste of money?

Post: Getting mortgage pre-approval before making an offer?

Robert P.Posted
  • Investor
  • Naperville, IL
  • Posts 37
  • Votes 11

I understand it's only a 2 point loss of credit score, but if I don't find the right property in ..what 30 to 60 days? then it's another 2 points, if I decide I find a better lender, then another 2 points.   Maybe the question is to be more certain you've found the right place before gettting pre approval.   And then how to find the best lender for me.   How do you guys shop lenders to find the best one?

Post: Getting mortgage pre-approval before making an offer?

Robert P.Posted
  • Investor
  • Naperville, IL
  • Posts 37
  • Votes 11

Do you guys tend to get mortgage pre approval before making an offer?  I would prefer not to do a hard pull on my credit.  Also,  how do you guys go about finding the best lender packages?  Interested in hearing the thoughts of fellow investors.  Thanks.

Post: Seasoned investor wanting to walk away from it all

Robert P.Posted
  • Investor
  • Naperville, IL
  • Posts 37
  • Votes 11

The thought that comes to mind to me is that knowledge has value.    You have knowledge how to locate these distressed properties that your eventual buyers don't have.   You have knowledge how to reliably fix these properties up in an efficient way that increases their market value.    You have knowledge to connect this product to the buyers that want it.   It's a knowledge economy so don't feel bad that you are successful at what you do.