Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

84
Posts
20
Votes
Ian Fisher
  • Investor
  • Chicago, IL
20
Votes |
84
Posts

O&E reports

Ian Fisher
  • Investor
  • Chicago, IL
Posted

Hi all

Hoping I can tap the great collective knowledge here once more...

I own a few properties, all single family, all free and clear. I'm now starting to put leverage on them. Working through the application process on the first one, the lender has insisted I obtain o&e reports on every one of the other properties as a condition before approving this mortgage. These reports evidently cost $150 each - so if I have to do that on a number of unencumbered properties every time I apply for a mortgage on one property, this really starts to add up. Any advice on how to either reduce / remove the cost or the requirement?

Many thanks!

Loading replies...