We are still doing a ton of fix and flip loans there and the numbers make sense for the banks.

If I could attach it here, I would but I will DM you the file so you can take a look.As far as an agent, if you would like assistance while you're here, feel free to reach out.

It takes a lot of phone calls and asking around, but you can normally find a local or regional bank that is willing to work with investors on these types of properties.Mike

I used a hard money loan for the bulk of it because, let’s be real, no bank was touching this place with a ten-foot pole.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I had a local bank provide a 1031 without fees. 

You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary. 

If you want to put the deposit in a out of state/online bank, then you will have to furnish a bond.  

@Mike Terry Yes, it is conservative, but that's because it's the operating expense margin that most of the banks I work with for my clients use in their underwriting.

Hi Kent - Do you have an article meant to be attached with this post?