My Broker and I are going to host a FREE in-person class for investors who want to learn about the REO process and how you can buy exclusive off market deals!

The bank fees for a purchase transaction are 1% of the loan amount (1.5% if it is a cash out that is owned greater than 6 months) plus $695 in processing/underwriting fees.The interest rates for a non-recourse loan are as follows:-4.875% for a 5/1 ARM amortized over 20-25 years-5.375% for a 10/1 ARM amortized over 20-25 years-5.0% for a 10 year fixed loan that is amortized over a 10 year period-5.375% for a 15 year fixed loan that is amortized over a 15 year period-5.75% for a 20 year fixed loan that is amortized over a 20 year period-Special quotes may be given for multi-family property 3+ units, rural property, and high rise condominium units

If you just simply allow tenants to walk into a bank and deposit any amount (on any date) they choose it could delay the eviction process.

I am about to start the process of shopping for conventional loan rates and getting pre-approved, but am concerned if I shop too much within a short time period it will adversely affect my credit score.Does every loan inquiry during the shopping process negatively affect your credit or is there a "grace" period after the first inquiry?

Im currently in the process of getting my license as well.

Repeat until you've wrapped up your first deal and there you go you have the base knowledge to keep repeating the process and adding to your knowledge along the way.

I'm currently in the process of purchasing a townhome, with a traditional loan.

Make sure you follow the process exactly.

And I realize that I should have a buyer's agent to guide me through the process.

And what is process of closing the deal.