EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Heaven forbid something unexpected happens. 

Milwaukee is block by block and most OOS investors (and relocation clients) are surprised by the range of choices.

(And that assumes your HOA is very well run and you are not surprised by any special assessments.)  

Make sure the $400-$500/month cash flow is enough to cover unexpected costs.It wouldn't hurt to look for other refi options or consider a different loan option, which might offer better terms.

That could be as high as $14K to $15K not to mention Title fee's, origination fee's and days of interest another $7K to $8K.If you choose a lender or broker and they hit you with lender/broker fee's/points that’s another added cost.My best advice as a Banker is reach out now get a Pre-approval letter up front and give the Bank an idea of what neighborhood or a "mock" address and you can get an actual quote up front to avoid surprises.

To prove my point I will take my market here in Utah, this may not be the same for your market but I would be surprised if we are the only location reacting this way.Below is a graph from Q3 2019-Q3 2023.

We deal with some of the best "we buy" folks on the east coast.When the property condition is unexpected, they terminate during the study period... as they have reserved the right to do. 

However, if you can deliver your message AT A GLANCE, and it looks professional enough AND you tell them to KEEP your card for future reference, you may be surprised as to how well your closing ratio improves over time.