Once you complete their application process, they will determine you don't fall under their top tier borrower qualifications and propose terms that are far less favorable.

Quote from @Remy Piazza: Hi BP community. 

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

Hi BP community,I’m relatively new to wholesaling and currently have two properties under contract with the owner.

Any one else in the BP community or any of my Chicago Real estate folks have any big goals for 2025?

For your due diligence, you can also ask to see the tenant's original application and screening reports. 

Remember, the real estate community is a great resource for support and guidance along the way.Good luck!

I'm going to try to post snippets of things I've learned this past year as a way of paying it forward and gratitude for all I've learned and keep learning via this community.

Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.

A 4 bed 2 bath house can now not be niche for a family, but a community.