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Updated almost 11 years ago on . Most recent reply

Shawn Thom's profile image
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Shawn Thom
  • Investor
  • from McKinney, Texas
  • Member since May 22, 2012
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Shawn Thom's profile image
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Shawn Thom
  • Investor
  • from McKinney, Texas
  • Member since May 22, 2012
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Shawn Thom
  • Investor
  • McKinney, TX
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Rehabbing & House Flipping

Buyer's bank asking for my purchase price plus rehab costs

Shawn Thom
  • Investor
  • McKinney, TX
Posted

Wife just got a call that buyer's bank is asking about purchase price of the our first flip set to close on 3/8. they wanted to know the purchase price and rehab costs.

anyone know why they would need it. I want to be prepared for any issues etc.

Background: This house was purchased from a wholesaler and was never on MLS etc. I purchased house on 11/14 and it is set to close on 3/8.

Buyer's loan is FHA. I have not seen the appraisal. The buyer's inspection came back with some stuff and we fixed them all.

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Dawn Anastasi's profile image
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Dawn Anastasi
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since Feb 4, 2013
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Dawn Anastasi's profile image
Dawn Anastasi
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since Feb 4, 2013
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Dawn Anastasi
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
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Is this a case of this being none of their beeswax?

  • Dawn Anastasi
  • Podcast Guest on Show #29
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