How To Borrow Money for Investment Property: Top 10 Borrower Questions & Mistakes [Part 3/4]

Wondering how to borrow money for investment property? Expert Mortgage Loan Officer, Graham Parham, answers final 2 of the top 10 questions that borrowers ask lenders when buying investment property. He also reveals the top 10 mistakes that borrowers make when getting loans for rental property.

Questions Covered in this Video:

Borrower Question 8/10 - Can I Do Multiple Transactions at the Same Time?
Borrower Question 9/10 - Do I Need Prior Landlord History to Get an Investment Property?

Mistakes Covered in this Video:

Borrower Mistake 1/10 - Not being upfront and forthright about everything as it relates to their loan and personal finances.
Borrower Mistake 2/10 - Selling a property with a 1031 Exchange and not having it titled in their individual names.
Borrower Mistake 3/10 - Waiting too long to identify properties for a 1031 Exchange.
Borrower Mistake 4/10 - Borrower quitting or changing his/her job after starting the loan process and not giving the loan officer a heads up.
Borrower Mistake 5/10 - Signing multiple contracts without disclosing the information with loan officer first.
Borrower Mistake 5/10 - Borrower plans out-of-country vacation in the middle of the loan process without disclosing the information with the loan officer first.
Borrower Mistake 6/10 - Borrower does not get pre-approved prior to signing a contract.
Borrower Mistake 7/10 - Buying multiple properties at once with different lenders without that information to the loan officer.
Borrower Mistake 8/10 - Borrower does not disclose free and clear properties owned.
Borrower Mistake 9/10 - Borrower fails to get a full home inspection in a timely manner.


Continue Watching this Series:
Part #1: https://www.youtube.com/watch?v=Bdcx2B51yPM
Part #2: https://www.youtube.com/watch?v=scvK6p-oDYA
Part #4: https://www.youtube.com/watch?v=tRbhuxpb9NI