REI has historically been very competitive.Cash is not king in real estate investing...deal flow is (lots of it).If you don't start now, you will have no experience or relationships if a correction occurs.If a correction occurs, lending/capital sources can dry up.Investors over-estimate their ability to pull the trigger when prices are crashing and there is no end in sight.If you can generate even a small positive IRR from real estate during an economic recession, idle cash is the risky choice (and is very costly over long periods).All properties and markets will not loose significant value in the next down cycle (real estate is local and good locations will always perform well).Investors can add as much or more value to a property than the potential loss of value in a downturn.If we have capital that we have to put to work, prudent real estate can be the flight to safety.I don't like investing into a hot market but sitting on the sidelines for years is not a viable strategy...just have to be really careful.If you are a market appreciation only investor, ignore this post...that can require some market timing.Interested in everyone thoughts.

Or maybe a seller ignored a mail campaign item from someone else, but on a certain day, they are more inclined to read and follow up with the one that hit their mailbox that day.

@Richard Wilson get the knowledge don’t make the mistakes most people do it will cost you ignorance is a big BILL

@Joe Splitrock Jobs do drive growth, but to only look at one factor and derive causality from it misses or ignores lots of other things happening in an enormously complex and interrelated system. 

My default is always to cooperate with the city on any issue, but in this case it's hard to tell if it will benefit you more to comply or to ignore.

First of all, current lenders have responded not agreeing, but you seem to be ignoring that.Secondly, why does your logic assume that no response means people are supporting you?

And yes, I do tend to trust that people aren't ignorant. 

Ignore the emotional, you’ll find out the hard way some folks are like that and some lead sources aren’t the best.

Originally posted by @Varun Parkash:On further research of my old documents with Wells, i found out thatCurrently, i am being charged $1300 (rate lock extension)+492 (appraisal)+3024 (loan origination charges) +1234 (more rate lock extension) = $6050 to get 3.875 rate on a small loan of 245K - which is outrageous.  492 appraisal is ok and ignore the rate lock extension pricing. if you closed early then you wouldnt have those charges.so its really on loan origination fees of 3k , its a bit high. 2500 on rate lock extensions, wonder if you just got a new rate how much would the monthly payment diff would have been. if it was say 50$ pm, you paid 50 months worth of the rate diff to get lower rate

Funny how finnacial "wizards" always try to quicly distract BP investors away from thier comments with subsequent posts when they poke thier nose in a discussion topic in which they display complete finnacial ignorance to all.That's okay,  they need to learn too.