EP 450 - New Lending Rules Making Real Estate Harder for Wholesalers

What did you think of todays show??The mortgage fraud fallout is officially here, and we’re starting to see the effects. This episode breaks down new lending requirements, our experience with appraisers, and why getting a loan is getting harder for experienced investors.We also talk about insurance loopholes that can kill your deals, how the affordability crisis is impacting our rentals, and the added pressure wholesalers are feeling in this market.Topics discussed:Introduction (00:00)New lending requirements (02:03)Our current appraisal struggles (04:45)Why banks are hesitant to work with wholesalers (06:51)The future of the lending landscape (09:13)How affordability issues are impacting our rentals (21:16)Why our deals are getting killed at closing (26:13)How insurance providers are making it harder to sell properties (29:45)Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Invest Anywhere” Guide to learn how to find deals in ANY MARKET Completely virtually (this is how we scaled to over a dozen markets)!https://instantinvestor.collectingkeys.com/invest-anywhereFollow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com