Minnina Smith
Just Starting Out & Have Questions
20 November 2024 | 19 replies
How much money do you have in the bank?
Rene Brodowsky
Are there HELOC lenders that understand the Detroit market?
20 November 2024 | 4 replies
@Rene Brodowsky appraisers, like most workers, will take the path of least resistance if allowed.Appears they are using an AI system to valuate your home.As suggested already, you may want to request an actual appraisal, which you will have to pay for, and send your own comparables to Huntington Bank to try to guide the appraiser.Otherwise, you may need to try a different lender.
Yusuke Koike
Getting a deal the property in pre-foreclosure and foreclosure
18 November 2024 | 1 reply
Hi Leo, Foreclosure.com typically lists pre-foreclosures, auctions, and bank-owned properties.
Bryce Gubler
4plex with below market tenants, how to best approach raising rents in California?
20 November 2024 | 1 reply
This is the breakdown:2 tenants on month to month leases ~$250-$350 less than market1 long term tenant (15yrs) is now on month to month lease and is paying $1500 less than marketAfter consulting with a couple of people and doing some research, it sounds like anything over a I should apply banking rent raise and submit a 60 day notice (all of these units fall into that category).
Frank Schofield
REO & ASSET MANAGEMENT CONTACTS
18 November 2024 | 14 replies
i am a reo broker here in south florida and work with many current asset managers and several banks. we sell many reo properties. some of those lists floating around out there are dead end streets as so many bomb bard the asset managers with requests they dont even reply 1
H. Jack Miller
What is everyone seeing in Bank Financing for Commercial/Investment Real estate
10 November 2024 | 5 replies
I am curious what others are seeing with bank financing on CRE.
Algerson Andre
Starting the New Construction Investment Home Process
21 November 2024 | 5 replies
you need to talk to your bank and lender about a lot split.
Stephen Hood
Creative investment proposal: What do you think of this deal?
20 November 2024 | 11 replies
A bank will only loan you about 75% of the equity.
Jay Hinrichs
fico scores what is the highest and what is the lowest
19 November 2024 | 3 replies
also noting most people arent' aware but the credit score run by a mortgage lender and say a general lender like a bank are actually going to be different scores (and likely slightly different ranges) - with some greater weights on mortgage debt for the mortgage lender Credit Bureau settings
Angelica Crawford
Use Substantial Home Equity to Buy Investment or Buy New Primary?
20 November 2024 | 3 replies
I bank with Navy Federal Credit Union, and they have a great 20 year interest only HELOC option in which I could utilize my substantial home equity.