All Forum Posts by: Zach Falbo

I am looking for a good lender in Pensacola Fl on investment properties. I would like: -15% down I am already in contract with a close date of Jan 12th and currently do not like the rates of any local lenders or banks I have found. I really need suggestions.

I am currently in contract with a investment property here in Florida. I am calling lenders in the area and this is their rate offers thus far.

Cornerstone: 4.75-5.245 30yr 20%down     Hancock: 5.125 25%down    and Quicken Loans: 3.6-5.125 15%down

My question is pertaining to points and if anyone recommends Quicken.  Quicken says that it will cost 3 points for the lowest rate and -3.25 points for the highest rate. My plan is to hold the property for long term rental, but plans could always change as I purchased with equity in the home. 

I am leaning towards Quicken with less money down and actually using the negative point and having a higher rate.

Would you recommend paying for a lower rate or even receiving money for the higher rate? Please explain as to why either way. 

Thank you in advanced!

Zach

Thank you Steven for your reply. Are there things that I can be aware of while going through the process? Any suggestions?

I have recently come across a property that I am very interested in buying, and it is for sale by owner. I have a realtor, but did not use her to look at this property and have only spoken with the Owner about the property.

What are the advantages of not using my realestate agent vs. using her?

Will I still be paying the same in fees if he has an agent?

Hello Bigger Pockets team! I am an investor from Pensacola Florida looking to set my future up for success at a young age. My goal is to obtain at least 1 rental property per year along with flipping 2 properties in order to produce cash flow. Passive income is my ultimate desire and getting away from the corporate 9-5. I am currently looking for my second property to aquire.