Banks offer better terms, such as lower rates and longer amortization periods when the property is in your name.

A 75LTV Cash Out on that deal would be about the same and there is no lender origination fee, only the $1600 UW fee.Ohio has recently updates some of it's laws in terms of PPP. 

Here is the fee structure:- Flat fee of $595 per transaction (deal over $1M has a higher fee)- 100% commission to agent- Free E&O insurance $1M for every transaction- Updated forms for buy & sale transactions (similar benefits as from the NAR membership)- Annual membership fee of $109X3=$327- No mandate on NAR membership ($550 per year in MA.  

Nice places in the $250-350k range then several in the $150-175K range that either look updated or like it needs to be renovated.  

After some back/forth, I decided to step away from the BR market (sorry, I'll update my post.

@Mindy Jensen and @Kevin Leahy I'd like to come back onto the podcast to give an update on the lease option model and how we have switched up that model to what we call the floating lease option.  

To update, I decided to stick with Atto.

I have found that when doing fix/flip, I like to use a lender who will do interest only for the period of the flip (usually 13 months or less) which is less interest that a HELOC.

(We would have previously updated the mailing address for the loan so the check comes to us, not the borrower!)

Good luck and keep us updated, I will have to do this one day so it would be nice to know!