Here’s how to find a broker you can trust:Ask for Referrals: Reach out to fellow investors or real estate agents for recommendations.Check Credentials: Look for brokers who are licensed and members of professional organizations, such as the National Association of Mortgage Brokers (NAMB).Review Their Track Record: Ask about their experience with real estate investment loans and request client testimonials.Interview Multiple Brokers: Prepare questions about their lender network, fees, and typical loan turnaround times.Evaluate Their Communication: Choose someone who listens to your needs and provides clear, honest advice.4.

Originally posted by @Jack Grove:@Okansa Patrick Were you required to utilize a hard money lender when dealing with New Western?

If not, I have a lot of local knowledge and the typical trends of many of the Atlanta suburbs.

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

I wouldn't think it would take a private lender (which is much higher priced) than a typical mortgage broker's rates.Is there a reason you think you need a private lender?  

That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

It has to be something the individual wants, and let's face it, that isn't your typical BP investor.

Typically, it’s reasonable to deduct for things like deep cleaning if the place was left pretty dirty.

Example: $500k home sales price, typical buyer agent commission of 2.5%, meaning buyer agent commission is $12,500.

These deals typically require larger cash outlays (50k-100k) per deal minimums.