It’s great that you’re pre-approved, but I’m curious why you’re leaning toward traditional lending instead of hard money, especially for a flip?

I am working on these to see if theres is any way to approve them but I am wondering if my minimum requirements are too high for this area or if I should stick with it.

Quote from @Jeffrey Hill: There are a couple of challenges with financing the difference. 1) The current servicer has to approve it. 2) Finding a lender to do a 2nd mortgage at 100% CLTV is almost impossible.

Regardless, you should first talk to your lender and tell them exactly what you’re planning and get their approval.

Yeah, no pre-approval for us as well.

The bank they are using with that offer is now saying my site prep bid came in way too high and not approving me (so far. still in process).

I've been pre-approved for a bank loan but haven't thought about someone with experience working with investors for deals.

Also, there are many integrations available with QuickBooks so that receipts, bills, invoices can be sent to Quickbooks or outside software to read each and automatically create the transaction and we just have to review and approve.

I am already have a good lender that has pre-approved me with a DSCR loan so all I need is to find the right market to invest in!

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.