ASK MIKE MONDAYS - Michael, before I push over a LETTER OF INTENT to the seller’s rep; how in-depth should I go with my lender?
Investors are counting on your underwriting to make a prudent decision to invest with you. How confident are you in your transaction underwriting and loan sizing? Who is checking your math? Before you submit an LOI…and possibly RISK your earnest money and reputation, make sure you speak with an apartment LENDER to have them check your math.