As you can see, not every deal closes or is a 100% smooth process. 

Finished up one bag of popcorn, reaching for the second….

VA loans are the only loans that allow this, and there is no rate penalty for it no longer being your primary home.With that in mind, you could do a cash out refinance today at a higher rate than current market rates which will create profit on the loan, we can take that profit to pay for your closing costs.

I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

You can get eaten alive in the Baltimore market by people selling you Class D properties "dressed up" as Class B.

If you get 1% to get an appointment / follow up call and close on 1 you are winning. 

I think they used to go up to like 80-85% CLTV depending on credit score.

That fee went up to $20k in Season 4. 

They're also happy to commit to whatever your closing date is and blow right through it.