All Forum Posts by: Nathan Kawalerski

Hi Nathan, are you looking to occupy the units? You may get competitive rates with those shops, but the quality of the product will vary. I’m in the process of doing the same and would be happy to help and share what has been helpful for me. 

Thanks, @Marcelle Abel. Hi @Nathan Kawalerski, sadly NY is one of the only states I can't help in. That rate indeed seems high, but perhaps WF is the investor (i.e., portfolio loan, rather than Conventional where Fannie or Freddie will buy the loan). For a conventional loan, I think most lenders right now will be around 6.5% give or take. Also, people often say they had a terrible experience when getting a mortgage from a large depository bank. Mortgages aren't their sole focus, and their staff are paid a rather low salary rather than commission. Especially for an investment purchase, as an investor myself, I feel that it's critical that you not work with a call center type lender, nor a large depository bank, but rather that you work with a mortgage lender where the loan officer is your single or primary point of contact, where they're paid commission only, where you can reach them in the evening, and where they really know the various rules and complexities of investment purchases and investors. 

 What are you hoping to get out of an accountability partner?  I always advise people that vendors make the best partners.  You can fire them if they don't perform, they will work hard to earn your business, and it will be a mutually beneficial relationship if all parties keep their word. 

10/12 - always the 2nd wednesday, 6-9p.  only location flexes

@Nathan Kawalerski come to the September REIA and lets chat - 9/14/22, 6-9p, location TBD. Location will be verified and posted on the events page. I love masterminds, accountability, and growth.