It’s wild how deep they dig now. But honestly, I kinda get why lenders are so picky—there’s just a lot of risk on their end. That said, I don’t love how every little thing gets flagged. I had to break down a $20 Zelle payment to my brother for pizza. Still, even with all the hoops, I think the benefits can outweigh the hassle if you’re in it long-term. Just gotta brace yourself for paperwork and random questions... it’s almost a rite of passage at this point.
Had a lender once ask me about a Venmo payment labeled “dog food”—I don’t even own a dog, it was just a running joke with my buddy. The hoops are real, but I guess that’s the price of admission. Ever had them question something totally random on your statements?
Had a lender once ask me about a Venmo payment labeled “dog food”—I don’t even own a dog, it was just a running joke with my buddy.
That’s hilarious. I had to explain a Zelle payment labeled “emergency pizza fund” and felt like such a goof. The scrutiny is wild, but you’re right—it’s just part of the process. Worth it in the end, though, if you ask me.
The scrutiny is wild, but you’re right—it’s just part of the process. Worth it in the end, though, if you ask me.
- Not sure I’m totally with you on “worth it in the end” for every deal.
- The hoops lenders make us jump through can kill momentum, especially if you’re juggling multiple properties.
- Sometimes, all that nitpicking over “dog food” or “pizza fund” just drags things out for weeks.
- I’ve walked away from deals because the hassle outweighed the upside. There are times when cash or creative financing just makes more sense.
Totally get where you’re coming from. I swear, the last time a lender asked me to explain a $12 “mystery charge,” I almost sent them a photo of my dog eating pizza just to speed things up. It’s wild how much they dig into every little thing. But hey, sometimes the hassle really does make you question if it’s worth it—especially when you’re trying to keep costs down. Still, if the numbers work and you’ve got the patience, it can pay off... eventually.
