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6 January 2025 | 77 replies
A lender, "how about interest rates, wow."
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7 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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7 January 2025 | 7 replies
Also consider all lenders will require to review your insurance when underwriting a loan and it's likely a violation of your existing loan documents to let the properties go uninsured even if they didn't require insurance escrows.
3 January 2025 | 8 replies
You shouldn't be paying any lender anything before a closing.
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12 January 2025 | 23 replies
After more than 450 deals, everything just seems to fall in place, abundance of leads and lenders throwing money at me.I actually believe this is possible for a lot of people in our industry.
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10 January 2025 | 17 replies
Save...it takes a lot more money than most new investors believe (don't drink the Kool-aid that you can get in cheap) and residing outside the US will be seen as a substantial risk to most lenders which will limit your financing options.
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6 January 2025 | 2 replies
Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.
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30 December 2024 | 12 replies
The judge rejected it.
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2 January 2025 | 19 replies
Beyond that, sending upfront fees to a lender is not okay.
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2 January 2025 | 9 replies
As per chatGPT, closing costs in Ohio are usually 2% - 5% of the price, so maximum: $6950.I'm open to working with lenders of any kind to make this happen.Hate to be the bearer of bad news but no lender will touch this as an investment. you will need to come up with 25% down plus closing costs.