Robert Jensen
Underwriting Process is Annoying
This is my first home purchase and I am going through the final approval with the underwriter. I've quickly learned that the underwriting process is illogical, annoying, and can also destroy the entire deal while losi...
David Oberlander
Best excuse to decline funding a loan
I've heard of many reasons to decline funding a mortgage over the years but this one is a new one to me.From a HARD MONEY LENDER not a bank. You'll recognize the name when I post it (not now) as they advertise here o...
Kyle Perry
Family wants in on investing
I am extremely new to investing. Currently have 1 rental that I purchased in May. I just found a duplex that I would like to place an offer on for a buy and hold. I currently have the funds to do this myself
However ...
Derek Malveaux
New Construction Loan Terms
I was recently approved and received loan terms for a new construction SFR spec loan. I have experience with fix and flip but this is my first new construction project. The interest rate is 12.5%, which is understan...
Jaime Borbon
First MFR financing
Working this week on getting my first mortgage prequalified for the 4 fam MFR I'm shopping for. My question is, big bank or small local bank or CU? Do big banks have more wiggle room? Small banks more personable? Is i...
Jamie Parker
Investor Building in Memphis
What is the cost to build in memphis on average. I want to make an offer on a 2 packages of vacant lots looking like 10-20 builds. If I'm getting the lot for 25-35k am I listing @ 225-250. What are the hard cost(sewer...
Tia Ricketts
REFERRALS FOR Pittsburgh cash out refi lender/bank works with out of state investors?
I’m hoping to get a referral from any Pittsburgh area investors who have worked with a lender/bank on a cash out refi and closed a deal.I’m currently working with a lender I found on Zillow who had great reviews but a...
Suhendri U.
Negotiate MF deal so we have cash for repairs
Folks,Need advices and opinions from expert on what term to negotiate. Here's the deal we are working on.Multi family, sales price $240,000-Monthly rent $2450 (tenant occupied 100%)-Annual tax $6382-Annual insurance $...
Chris Mason
*Live Today* 2023 Loan Limits - $715k LCOL, $1.072m HCOL
Rocket Mortgage, largest mortgage bank in the country, went live with the anticipated/guessed 2023 loan limits yesterday. The largest wholesale lender used by independent mortgage brokers rolled it out today (you can'...
Christopher Stevens
REI Nation Property #4 - 7320 Marrs, TX - Thanks REI Nation!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $250,000
Cash invested: $83,700
My first TX property! I'm excited to invest in a TX property since the Dallas area ...