Finance Companies that are good to work with-Do they exist?
My husband and I have been investing for three years now. Our biggest frustration is financing. We have run into several different scenarios, including a lending company who was working with a 3rd party lender that had "organizational" issues, so, after nearly 3 months of dragging their feet, they were not able to help us (wasted our time, plus the cost of an appraisal). Another company said they could help us with a fix and hold, but, after assuring us there weren't any additional fees.... tried to "fee" us to death. I walked away from that company-bad feeling there. Currently we are working with another company to refinance an existing rental property. They dragged their feet so long, we had to get another appraisal (I think they should have paid, but they said "no"). It too, has been dragging on for a couple months. Is this normal?? I just can't believe the poor customer service! Currently, we are also working on a fix/flip. Our hope is that it will profit enough that we have enough "seed" money, that we won't need initial financing for a property. Any recommendations? Advice on how to interview these companies up front? (I have done initial interviews with them, but, of course, there nice and responsive initially, but later on, they show their true colors...) -Maybe I'm not asking the right questions? Thank for in advance for any in-site or advice. - Carin