I hope people find this write up helpful. I tried to be detailed without getting too long winded, but if I missed something don’t hesitate to ask. I really wanted to highlight the lessons learned on the BRRR strategy ...
Hi,I am prequalified for a bank loan and will be closing on my property I have under contract.This is my first bank loan. When do I need to wire my down payment to the title company? Can I do it the day before closing...
I'm purchasing my first (HUD) home for $107K and I read that closing costs are typically 2-5%. I've attached a copy of my GFE here. Please let me know your thoughts.
Hi I have a offer on the first flip property, I put for sale. I have had a lot of interest, and currently just 2 weeks since listed I have had 4 offers. Currently I have a USDA loan buyer and VA loan buyer both offeri...
I am looking to develop relationship and possibly apply with any lender covering rental property loans based on the assets. Specifically looking for this with the intention of using them in final step of Brrrr. We hav...
I heard a podcast recently talking about the BRRRR strategy. It seems like a great option but I have some lingering questions and hoping some of you who've had experience with this approach can help.Example: I buy a f...
If you are interested in mobile home lending as I am then it is time to face the facts that we cannot continue business as usual. The Safe Act only woke me up to the myriad of laws that we should be complying with an...
Looking for recommendations for Chicago area lenders specializing in 203k loans as well as Rehab loans. If you've had personal experience with any and can highly recommend, please share!I'm in the final stretch of my...
I have just spent the last 12 days in hell dealing with US Bank for a loan on a condo investment property. I would steer far far far away from them. Yes, they drew me in with a very low APR and points, but the proce...
I am chin deep in a 203k and days from closing but my brokerage company has screwed me good. Please continue reading to get the whole picture...Ive been working with a loan officer for months now trying to close on a ...