All Forum Posts by: Yannes Chiang

Yep and you might experience difficulties in selling as well. But that was justified by the discounted purchase price. 

Awesome! Where to get the realtor's contact? 

I think it is just a personal preference. There is no legal requirement on that. Just make sure you won't miss any signatures due to both sides. I personally prefer to use DocuSign (esign) or print at both side to save trees. 

Mine was 780+. The following ways can help boost your score-  pay on time, increase your credit line as much as possible, payoff a big portion of the outstanding balance before running the credit check 

@Abner Gomez That is actually a great start. You are on your way to become a REAL ESTATE MILLIONAIRE! I love reading books and have benefited a lot from it. Highly recommend you keep reading, well, reading the nutritious ones

The more you read, the more knowledge/tools in your brain. Look forward to seeing your next deal! 

@Justin R. 3 unit should still be considered as residential loans. Have you tried the big banks? They are not necessary pricier. I have a couple loans with Bank of America and they provide better rates and cheaper cost to me, also great customer service. 

@Abner Gomez well it really depends on how you define your first deal. In terms of real estate ownership? Or accidental real estate house hacking investment?

Anyway it does not matter. What matters are you have learned something from it and be confident for your next deal.

@Justin R. My own experience 2.5% is quite high. Normally it should be between 0.5-1%. But your loan size matters. I would recommend you talk to other lenders as well, find a good loan officer who may help you shop loans.

@Birtha Wall prepare enough business cards, put name tag, be confident and passionate about what you are doing or what you are going to do, show your values to other people, be open minded and friendly.

Talk talk talk listen listen listen

Dave Lindahl's "MultiFamily Millions"