All Forum Posts by: Nicky Gonzalez

Hi Amy! My wife and I are originally from California and moved to Pittsburgh just a few months ago! Working on our first flip in Lawrenceville and have two others in escrow also in the same area. It’s been a little bit of a challenge not knowing people’s work ethic out here, and everyone seems to be too busy to take on any new projects. We are still learning but really enjoying every minute of it! Would love to connect, to share our experience:-) 

@Alex Deacon If you have any lender referrals, I’m all ears. We’ve not worked with any local lenders yet but welcome the opportunity especially if it would get us in at 20% vs 25%. Thanks for the info.

@Perry Farella Super helpful info...will definitely look into both those options. Thank you!

Ouch.

Thanks for the reply!!

Hello! Newbie here just trying to get some advice on my first conventional loan to purchase and rehab a home. Currently living in California, looking to purchase a property in Pennsylvania as an investment. The lender I have worked with before sent me a pre approval letter but the down payment is 25%. Seems like a lot, I have excellent credit, low debt and good amount of savings. I can afford the down payment and still have plenty to do the rehab, I simply would like to know if this percentage rate is excessive or reasonable due to the property being an investment and not primary residence. Thanks in advance!