Even for a turnkey investor, the act of investing in real estate can be a process. For anyone looking to buy a property, lending is often involved. However, the act of acquiring a loan for an investment property versus acquiring a loan for a personal home can be a drastically different process.
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Some people like to consider what some of the worst-sounding words in the English language are. While many would say moist is the most cringe-worthy word in our language, we’ve got to say that mortgage is right up there with it. The sound of the word is one thing, but the connotations that comes with it are another.
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This may be a first for us. We are printing a response we received to an article we wrote on our blog. Not to mention, we hardly ever print articles written by other people. But this one is different. This response was emailed to me from a very valued relationship we have in the lending community. Kathleen Kramer, of RPM Mortgage, has been a trusted confidant for the past two years and has assisted with private money programs for our company. Kathleen also has reviewed and advised us on our procedures and processes and visited our offices here in Memphis. We have tremendous confidence in her knowledge of the lending industry, so when she sends us an email response to our recent blog article...well, we listen!