Andrew Self
Mortgage Lenders for LLC
18 January 2025 | 11 replies
Hello, due to a hiccup on my personal credit history I am having issues getting approved for traditional financing outside of an FHA which I do not plan to use as I am not going to owner occupy.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
One way we fight this is with photo verification pre-lease signing and not approving renters who don't view the place in person, our credit underwriting software also flags apps that have a high likelihood of fraud.
Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
All in all it ended up taking just over 2 months to get the plans approved because everything had to be done by email.
Jasmine Thermitus
Primary to Rental Property
15 January 2025 | 15 replies
- You've got to go to the property for showing- Many do not show up, so you waste your time- Then you have to have a legally compliant rental application & lease- Some approved applicants disappear the day before or day of lease signing!
Logan Pritchett
Creative Financing on mobile home park
18 December 2024 | 2 replies
Purchase price: $645,000 95% seller financed, 5% raised, $0 down. 33 unit mobile home park.
Allan Yeung
Zoning Conversion (Zoning Code G to Commercial )
6 January 2025 | 3 replies
Each change took a meeting, then two different public hearings, then a Board approval meeting.
Melissa Johnstone
First home buying experience and with using my VA loan
7 January 2025 | 4 replies
Today he drove over an hour into the woods for us to look at a mobile so my husband does not have to commute.
Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
Jimmy Rojas
How to show proof of income with 1099 form
6 January 2025 | 4 replies
Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.
Brandon Dixon
100 percent financed/Juan Pablo reviews?
23 January 2025 | 39 replies
Speaking of iteration, allow me to share with you the iterations and processes we go through in our Multi-unit Acquisition Program: After a client gets pre-approved for financing, we go through multiple deals to find the best ones that meet our metrics.