All Forum Posts by: Ty Burns

They are actually located in SLC, UT. I would not recommend them. They charge crazy high rates and I am not sure why you are getting an appraisal on a rehab property. I have never done an appraisal on the buying side.

I would recommend going with a broker. They normally have wholesale rates and can shop your loan around to get you the best deal. I am a licensed LO myself.

In my experience, it is difficult to even get in touch with someone who has the authority to do so. If you can get in touch with the right person, it is definitely possible. Just have to start calling around and try to get a hold of the right person

@Amy Solomon - I am a licensed Loan officer with a company called LowVArates. We specialize in VA loans, but we also do conventional and FHA. We do a vast amount of business in FLorida. We work with multiple lenders and can see what we can do for you.

I would not recommend it. The buyers will have a hard time envisioning the final product and could do more harm than good.

Go with the best agent that is going to provide you with the best service. There are too many lazy agents these days looking for a free payday. Dont feel obligated to work with an agent because they have shown you one house. If they are going out of their way and trying to earn your business, then I would work with them.

@Blake C. - Nice job. Hopefully it comes together. How come you did not just put the property under contract yourself? Why bring in the other wholesaler and have him write the offer when you can just do it yourself and collect a bigger fee?

@Marty Happle - VA loans do not normally take 2-3 months to close. I actually sell VA loans and just had one of my flips purchased with a VA loan. It sounds like the file is sitting on someones desk and is awaiting approval. I would get in touch with the lender and see what is going on. The loan officer should have an answer for you.

@Jason Fraser - What is your exit strategy for the property? Buy and Hold or flip it? Mike and I did a seller financed flip and we basically made the monthly mortgage payment for 6 months and had a 6 month balloon payment when we sold the house. Monthly payments and 5K down payment went towards the purchase price.

@Marissa Mills - I am a local agent and investor in Salt Lake. I can help you out. Send me a message.