I’ve been hearing from a lot of investors lately who’ve had great deals slip away simply because their bank couldn’t move fast enough.By the time the loan officer got around to approving the deal, the property was gone.I’m curious — for those of you doing fix & flips:- How are you speeding up the financing process?

Over the phone, I received approval to access the seller’s mortgage information (ie rates, loan term, etc) by the verbal approval of the seller.

Waterford: the 2021 K1 was received on September 14, 2022; the 2022 K1 was received on September 15, 2023; and the 2023 K1 was received on June 13, 2024.

I had one client tell me that a well-known direct lender did not provide her any preliminary settlement statement/CD and mentioned that they could not lock in her interest rate/terms until final approval.

The architect can go ahead and submit the plans on Tampa’s online Accela and carry it all the way till the plans are approved.

Offering 100% of purchase and rehab with no monthly payments for flat fee with upfront fee after loan approval?

If this is your first year renting it out, that may explain the jump.Exemptions Lost: If you previously had a homestead exemption or similar, renting the property can remove those benefits, resulting in higher taxes.County-wide Increases: Local tax levies, bond approvals, or budget increases for schools or infrastructure can also drive up rates.

Offering 100% of purchase and rehab with no monthly payments for flat fee with upfront fee after loan approval? 

I'm one of the approved builders.  

I have emailed them multiple times and of course there is no response.Using this court approved settlement document that stipulates payment from  tenant (former tenant), I reached out to multiple collection agencies and none of them are willing to take it.