Rather than call and inform me they were going to trigger the default rate (5 basis points higher), I learned through a mailing.

I see how my plan made no sense now 😂 Additional information about me • My home is vale right now $750k I haven’t done any renovations. 

a) Plum Creek, Kyle - 1900 SF, 4 bed 2 bath, corner lot, large backyard, great school district ratingb) Whisper, San Marcos - 2300 SF, 4 bed 3 bath + study room, moderate backyard, OK school district ratingThe Whisper property is about $20K higher priced.

I have been doing some research but I need more specific information about things like buying the land and the permit issues and utilities and things like this.

Traditional banks, on the other hand, take longer and require more detailed financial information and credit checks.

If you would like more information or need to get in touch with them, please feel free to send me a message, and I’ll be happy to provide you with their contact details.

I don’t come on BP as often as I should but it’s a great place to network.

And for a period of time, they were right:  The financial crisis and Great Recession followed, and the market value of that property dropped almost in half on 5 years. 

Every lender on BiggerPockets has probably disputed hundreds of appraisals, I know we have and usually with great success, assuming there was an error or a failure to use clear, similarly spec'd comps.

I would be willing to help - but you know you need a lawyer - taking advice from people on the internet is not a great business decision.