I typically opted for roughly 3 draws per deal, just to limit draw costs.Also, all of my lenders charged me interest on the full loan balance at closing, even though I hadn't drawn the whole loan (which annoyed me, but I get their perspective).So really, in my experience, I didn't find any to be "better or worse" they all seemed to have their own trade offs, i.e. more general accounting was easier for me, but higher draw cost.

This allows very fast closings which really appeals to some sellers, they will take fast closing over highest offer if they need to move quickly.2.

We prefer not to wholesale properties with tenants due to the potential liability for the buyer and the significant reduction in our pool of buyers if the property is not vacant at closing.

Does your bank pay your commission as an MLO when the property closes....or when the loan is actually sold?

I am in the closing process of buying my first duplex.

Unfortunately, the rates are not going to be close to 4.75% in the current market as I'm sure you're aware.

In October of 2023 I was able to close on my first property. 

Quote from Account Closed: Well that's good news.

Quote from Account Closed: Quote from @Jay Hinrichs: Quote from @Don Konipol: Quote from Account Closed: Pre-Foreclosures / Foreclosures fit into several groups and are done under each State's laws.

Did you closed any property?