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All Forum Posts by: Grant Schroeder

Grant Schroeder has started 11 posts and replied 519 times.

Post: Hello BiggerPockets! New PRO here

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

Welcome @Kalli Wilkens!

Post: Looking for small multifamily in Yamhill County Oregon

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

Welcome @Talia Bollard! I am a local investor here in Newberg and am also a lender who works with investor. We have a local meetup at @Evan Bellingar's winery the last thursday of every month in Newberg if you ever want to join! @Ben Nelson

Post: Small and Mighty Real Estate Investor Hopeful

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

@Daniel Lee Investor Lab PDX in Portland or Yamhill County is a great meetup! Word of advice: I would avoid any meetups run by Chris Merz. Very slimy realtor here locally with a poor reputation.

Post: First Multi family home!

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

Welcome @David Cano!

Post: Easiest HELOC right now?

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299
Quote from @Stephanie Crawford:

I need to pull out about 100K from my personal residence for a project. I just started an application with Bank of America, which is where I do my banking, but damn, they want a complete application with records on all six of my properties, P&L statements, insurance riders, and the whole nine yards. This seems like overkill for a line of credit. 

Wondering if there is a simpler way. Any tips? I'm in Tennessee. It must be a "line of credit" where I can make draws, and not a home equity loan. 
Thanks! 

 @Stephanie Crawford at Movement Mortgage, we have a quick and simple low doc 5-10 business day close HELOC that you can use for this to avodi the headaches of the big banks!

Post: Small and Mighty Real Estate Investor Hopeful

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

Welcome @Daniel Lee and @Steven Schafer! Always great to see fellow OR investors here on BP. Definitely connect with @Lawrence Potts if you have not already!

Post: How is PMI determined and best lenders to work with in WA state

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

PMI for a conventional loan is % based and affected by credit score, downpayment%/LTV, DTI, and number of borrowers on the loan. Guild is also one of the most expensive lenders out there, they are a big behmoth with private and public shareholders to please, so costs are much higher to drive profit for them.

I am a local house hacker/investor and lender for WA State, and would be glad to help you with this @Chelsae Roach!

Post: Equity Rich Cash Poor! Need HELP~

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

@Ruchit Patel definitely reverse mortgage or an asset/equity based loan! As a direct lender, we have all of this at Movement Mortgage!

Post: A great investment with fulfillment and profit!

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

This is awesome! Thanks for sharing @Peter Bras!

Post: New to real estate investing, highly motivated to learn!

Grant Schroeder
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 566
  • Votes 299

Welcome @Chelsae Roach!