Great point, and I defer utterly, having flipped exactly zero houses to date (but can't wait to start).

We went to view the property around 10 Feb and the place was utterly trashed as the previous tenant had just been evicted and left it in a disgusting state.

I can't help but laugh at this but the lying and utter disrespect and my word on how this would play out, so I want to collect on it.

It's such a rad loan, and one that veterans are utterly and completely deserving of at that.

Based on the utter lack of communication and attempts to spread misinformation by ERP- I would not put it past them... but have you seen their 3rd party companies myspace webpage?

Plus i'm an attorney and that still didn't deter him from running off the job, significantly damaging the property in various regards, and attempting to do unpermitted and utterly unacceptable work.  

Most folks have this.. but many who were in RE in 08 did not make it through with out some bumps and bruises I by the GRACE of GOD made it through .. and it was dog tough but now I am in a pretty neat situation.So Anthony as @Stephanie Potter staed the only thing I see wonky is the 2,800... but a 24 month loan with only 4 points Is very good.. but of course if you have to go 24 months on a fix and flip then its generally an utter failure

I hate to utter those words though.. heheYou may also talk to the seller and see if she will sign a quit claim deed...

They will not be pissed when you quoted them 8% and 2 points, then come back with 6.5% at 1 point once you have the paperwork in-hand (& they will utterly love you if they are that 1 in 7 and you come back with "best case" type portfolio financing), but they will be pissed if you quote "best case" and then come back with 6.5% at 1 point once you have paperwork in-hand.Portfolio loans take, easily, 5 times as long to shop, and a mortgage broker can't shop it without all paperwork in-hand, which is generally defined as all the standard FNMA paperwork PLUS things like 24 months of bank statements and YTD P&Ls, etc, that some portfolio end-lenders prefer in lieu of standard FNMA paperwork.Good luck.TLDR: "Portfolio Loans - What kind of numbers are you getting recently?"

That Ron guy, what total and utter BS, now I really see why Dodd-Frank was passed, it was wrong 10 years ago!