Knowing your buyers removes a ton of fear when locking up your first deal.4.

It's sad to see so many investors get excited about starting their journey but then lose steam because they get stuck in the marketing phase - never giving themselves an opportunity to actually get a seller on the phone and do the fun part of investing - locking up contracts!

I agree with the 5 year PP but we just wanted to lock it down ASAP

I ask to see a copy of the locked loan estimate and they are getting a 5.75% for 3 points when I was offering a 6% for 1 point. 

The homes rent for $1800 mo between the two and tenants are in 1 year leases which i just locked in.. 

If you think you may sell in the next 5 or 7 years, maybe consider an adjustable rate mortgage where you lock in a lower rate for 5-7 years and by the time you need to refinance you sell.

Hey @Dino Jarrin Jr, I’d recommend going 5% down and keeping the extra cash ready for the next deal instead of locking it into one property.

A balloon or hard money bridge can get you into a deal fast, then you lock it down with a conventional loan once the rents and rehab support the new value.

They said my rate lock expired, which I don’t think they ever even had a rate lock.

so structure your strategy where it can be teachable for others to do the same, or to maximize efficiency, its not just about cold calling or driving for dollars, its about your assessment and how you think of the property you try to lock in.