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29 January 2025 | 27 replies
A couple questions:1) Has anyone worked with local lenders like a local bank or credit union?
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2 February 2025 | 9 replies
My only concern to look out for is that things can go 'rural' pretty quickly if you start venturing outside of town, and most lenders are going to put the brakes on financing if the appraisal lists the property as 'rural' (has to do with what they perceive as the availability of future tenants).Watertown, NY - It probably is as good as you believe, but the lending licensing is pretty tricky up there, so its just bit more difficult to find lenders that operate up there.
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6 February 2025 | 16 replies
If you're looking to eventually scale then I would suggest a Hard Money Lender.
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17 January 2025 | 16 replies
Being a lender for 10 years, all is that we required from the title company and the lender is that a notarized close was to take place.
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17 January 2025 | 1 reply
From investor friendly agents, lenders, escrow companies, anyone for a new wholesaler and soon investor.
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15 January 2025 | 6 replies
I would suggest going to the find a lender tab here on bigger pockets to find a local lender who has the same products.
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5 February 2025 | 5 replies
Even on conventional renovation loans, most lenders and borrowers still use Certified 203k Contractors b/c the guidelines/timelines/rules/processes are almost identical.
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29 January 2025 | 10 replies
That said, I do this with a a few investors on rentals since I'm a Realtor and Property Manager where I am boots on the ground for purchase, rehab and lease-up, however we had a strong professional experience/life together before partnering.Lending will also be a consideration as most lenders are hesitant to lend to non-citizens given the foreclosure challenges it can pose.
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3 February 2025 | 8 replies
Hi @Kyle Carter local PM here should you need any connections with contractors, lenders, agents etc.
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16 January 2025 | 10 replies
What you are asking is a super important question and it doesn't just apply to lenders.