All Forum Posts by: Oscar Zendejas

Hello BP members, my name is Oscar. This is my formal introduction to the BiggerPockets community.

I am a young and hard working 26 year old driven to grow personally and professionally. I am married with three beautiful children. I have a formal background in engineering and business. I am currently employed as an engineer, partner to California electrical contracting company, and most importantly a part-time real estate investor.

I am no stranger to investing, although I would not consider myself an expert. I plan to purchase my third investment property 1st quarter of 2016. I purchase my properties through cold hard saving! I save PAW scale (Millionaire Next Door, for those not familiar).

My Fail-Proof Plan for Early Retirement:
1. Save Money
2. Invest Money
3. Rinse and Repeat

I enjoy helping and advising others for investment opportunities. In contrast, I like listening and learning for investment opportunities. Feel free to connect with me!

Experience

- Buy & Hold Investing
- Equity Leveraging for Real Property Acquisition
- Property Valuation and Profitability Analysis

Real Estate Goals

- Creating Passive Cash Flow
- Net Worth Capitalization

Thank you for reading.

Hi Brianna, I appreciate your feedback. Thank you

Hi Bigger Pocket Members, I am currently trying refinance my property and trying to determine the best method for proceeding with the process. One of my lenders is stating all estimates will be changed at closing. Please advise

My situation:

I purchased my first home in 2012, and currently trying to refinance. My intentions are to perform a cash out refinance and within a few months, I would like purchase a new home and lease my existing property.

Many lenders I am dealing with claim to have programs that can perform to my intentions. I am flexible to working with the lender programs. An example is one lender is stating I can have two owner occupied homes within a 12 month period, but the conditions required I live in the refinance home for six (6) months.

My Questions:

1.In the process of a refinance, at what stage of the process can the lender not change any terms or costs?

2. At the point of signing loan documents, do I have a legal commitment to the lender or broker (I am concerned about major fee or cost increases)?

Any and all help is much appreciated. Thank you