All Forum Posts by: Robert J.

@Ron H.

Interesting. Haven’t heard anything like that here but I will look out for it. Thx.

@Ron H.

Taxes for what? The agent said tower would pay all closing costs as long as I kept it open for two years. Will I get a different tax statement later?

@Jacob Sampson

I don’t believe so but they had it appraised

Hey so I have a question. I applied for a HELOC through Tower fc which I've seen a few bp members refer and my original request was for 80k. It's been a really long process but as we got closer to the end they sent me closing docs and it's for a loan amount of 160k. I double checked with the closer and they said that was right and I didn't fight it but then my wife asked if there were any issues that could come up from the new amount and I wasn't sure. I'm supposed to get the docs tomorrow to double check but should I be wary of anything from this higher amount?

@Tim ODonoghue

Any reason you can’t pull some equity out keeping the house now and buying a new one with the equity you pulled out? If you rented out your bedroom would you cash flow at the new mortgage amount?

I was curious as to Brandon’s technique on making multiple offers. I’d like to do something like that but I also don’t want my real estate agent to hate me while we’re starting out. Is it three legitimate offers filled out like a normal purchase offer or is it more of an Loi giving the seller options and then the offer chosen is drawn up?

Thanks

@Dave Row

Going through tower now. I’m in Oregon. They’re slow and require a lot of paper work that they seem to just make up but it is what it is.

Example... I enlisted in the guard this year but they needed tax returns from 2018 for the guard or same thing with my job I’ve been at for two years they wanted pay stubs from three years ago. They are doing 95% ltv on my primary so it’ll be about 85k I’ll have to “play” with which is nice but it’s also been in the process for three months now.

@Joe Mercer

Few of the common things to deter “posers” ; higher deposit. Less contingencies (inspection , financial), require proof of funds or prequal be submitted with offer. Um...

I’ve really enjoyed reading and listening to him! Can’t wait to try some of his stuff. Almost there 

@Eric Roloson

There was a recent BP podcast episode that covered this or at least had some suggestions. The guest said he had no problem writing real low offers quickly but he usually accompanies it with a letter explaining why it’s low and breaking down what your costs are. Might also help to read that Never split the difference book by Chris Voss. (That guest wrote a million dollar offer on 2+ million dollar listing and won but I think it was a previously listed “new” listing)