All Forum Posts by: Grant Schroeder
Grant Schroeder has started 11 posts and replied 525 times.
Post: Anyone have experience with Bank of England?
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
Quote from @Jillian Cullinane:
Hi,
Hello there, first time investment property buyer here. My husband and I are looking to buy a small condo in St. Augustine for short term rental. We are in conversation with Bank of England and the loan officer is suggesting we go with a DSCR loan. I don't have all the details yet since I'm supposed to chat with him this afternoon, but I just want to know if we should continue with this lender. Please let me know if we should run away from BOE or pursue other lenders in Florida. We can put 20% down. Thank you.
Jillian
I would not recommend them @Jillian Cullinane! They are on the decline and fighting to survive. Their corporate offices are in Arkansas and they are struggling. They may be bought or merged with another company in the next 6-9 months like many IMB lenders and regional/local banks/CUs who are struggling right now.
Post: Looking for portfolio lender in Tennessee for house-hack financing
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
@Wendy Thurst I would be glad to connect with you on this for low downpayment solutions for this 4th property & house hack! Academy Mortgage is a portfolio and direct lender with lots of tools in our toolbox to assist house hackers and investors with creative solutions.
Post: Refi or no?
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
Hey @Sean Starkey! It depends on your blended rate, but also the peace of mind with having a fixed rate in this lending environment can be a real asset. Especially with teh uncertainty around the Fed continuing to rasie rates going forward this year.
Post: First time homebuyer in Denver area looking to buy a residential income property
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
HI @Denise Hogue! They can do a 0% Down Conventional or FHA loan with downpayment assistance with you as a non occupying coborrowes for their first investmnet! Glad to hop on a call to talk through this more with you!
Post: lenders in Idaho
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
HI @Jim Harper, I would not recommend Lender finder to be honest. This is simply just lenders paying biggerpockets to generate leads for them when you click on their find a lender page just like find an agent. You are not getting the absolute best lender or agent in most cases, just those who buy leads instead of creating lasting client relationships and working by word of mouth referrals. Thats how real businesses are grown, not paid leads.
Post: Best way to House Hack in Nashville
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
I would be glad to connect with you and strategize through this scenario @Ralph Noyes!
Post: Tennessee or Ohio?
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
@Beth Blankenbicker TN all the way! Too many folks on here pushing OH and oversaturating it.
Post: Seeking Guidance – Engineering plus a side of Real Estate Investing
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
Hey @Austin Plough! I just sent you a connection request and would be glad to dive into details and strategy with you on a phone call to set you up for your first house hack.
Post: Duplex House Hack
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
Thank you for sharing @Tyler LaVoie!
Post: House hack or buy out of state for higher return but higher down payment?
- Lender
- OR ID AZ CA WA CO NV TN
- Posts 572
- Votes 300
@David Mitchell Halls sounds likie your lender is wrong on this! For a Conv loan, you can put 15% donw on a duplex and 20% down on a 3-4 unit. 25% down is required for investment NOO properties. At Academy, we also have a house hacking option for you with 10% down and no PMI on 1-4 units. Let me know if you want to talk more about this!