How To Borrow Money for Investment Property: Top 10 Borrower Questions & Mistakes

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Summary: In this video series you’ll learn the top 10 questions borrowers ask lenders and the top mistakes they make when getting a loan. Our presenter is Graham Parham, who has been a Mortgage Loan Officer for over 18 years and also has 25 years of experience in sales and marketing. He is a leader of financial expertise in the North Texas residential real estate market, developing a significant following among homebuyers and investors. Known and respected industry-wide, Grahams production consistently ranks him as a top producer in this market place.

Video #1: Top 1-2 of 10 Questions Borrowers Ask Lenders

In this video Graham Parham answers the first 2 out of the top 10 questions that borrowers ask lenders when buying investment property.

Questions Covered in this Video:

  • Borrower Question 1/10 – Can I Close my Loan in my Limited Liability Corporation?
  • Borrower Question 2/10 – Can I Close my Loan in my Family Living Trust?

Video #2: Top 3-7 of 10 Questions Borrowers Ask Lenders

In this video Graham Parham answers the 5 of the top 10 questions that borrowers ask lenders when buying investment property.

Questions Covered in this Video:

  • Borrower Question 3/10 – Can I Do Multiple Transactions at the Same Time?
  • Borrower Question 4/10 – Do I Need Prior Landlord History to Get an Investment Property?
  • Borrower Question 5/10 – How Long is My Pre-Approval Valid?
  • Borrower Question 6/10 – Can Everything be Completed Online?
  • Borrower Question 7/10 – Can I use my H.E.L.O.C. Funds to Close?

Video #3: Top 8-9 of 10 Questions Borrowers Ask Lenders & Top 10 Investor Mistakes

In this video Graham Parham, answers the 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?

Borrower 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. 

Video #4: Member Questions Answered by a Graham Parham 

In this video RealWealth members get answers to their loan questions about investment property. Have any specific questions yourself? Leave them in the comments section below and we’ll do our very best to answer you!

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