All Forum Posts by: Tanner Connelly

Call the HOA to confirm OR pull the MLS listing. Those are your two big options. Never rely on a realtor to do someone else's job.

What are some of your biggest complaints about lenders? What would you like to see lenders improve upon to help either you OR your clients?

I have some incredible realtors from California all the way to Florida. What cities are you looking in?

I have several investors that collect rent through Venmo. The only thing I have heard is to make sure the lease states they can use Venmo to pay rent. This will also create a paper trail should you choose to refinance the property in the future. Your loan officer will thank you in the future!

Would have purchased it through a renovation purchase instead. Could have gotten a value based on future assessments and started the renovation now. Would have allowed you to grow rent as soon as these tenants are out. Nonetheless, as long as your ROI is green, good buy.

Fairway we do these all day long. Shoot me a message and I'll get you linked with a mortgage professional in your area.

Would love to help should the opportunity presents itself. This isn't an abnormal loan to do, and usually helps you in the long run with taxes!

I would recommend using a local bank for the HELOC as most larger lender cannot do HELOCS. For Larger lender I recommend looking at different retail lenders who are nationwide that'll offer better rates than typical powerhouses as you mentioned above. These lenders would include loandepot, Fairway Mortgage, and even Guaranteed Rate. 

Happy to help in any fashion as you start your journey! 

Could be an effect of ANSI as well. We are seeing a lot of appraisals come back short on sqft because of the new guidelines. 

 I'm local and have a variety of programs that could help them!