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3 February 2025 | 12 replies
Will the bank allow me to refinance the property again to tap into equity after the repairs and new appraisal?
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9 February 2025 | 5 replies
Run credit and background checks, actually call the listed referrals, and ask for bank statements.
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23 February 2025 | 42 replies
Are LPs entitled to see foreclosure, bank loan related docs?
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23 February 2025 | 4 replies
Would banks typically provide a HELOC on an investment property, and if so, what terms should I expect?
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19 February 2025 | 14 replies
One suggestion to consider as I mainly do BRRRRs as well- find a local bank or credit union in the area you plan to buy that offers construction loans.
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20 February 2025 | 13 replies
.✔ Verify pay stubs – Cross-check them with bank statements to confirm deposits match.✔ Call the employer directly – If HR is off-limits, ask for a manager’s contact instead.✔ Stick to a Consistent Screening Process – Fair Housing laws require uniform screening criteria, so making an exception for one applicant could lead to discrimination claims.
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15 February 2025 | 8 replies
Hi Jeffrey, In Florida, when a property is purchased at a foreclosure auction by a third-party bidder (not the bank), the purchaser is generally responsible for unpaid homeowners association (HOA) assessments that accrued prior to the acquisition of the property according to Florida Statutes.
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22 February 2025 | 9 replies
It is very common and banks are fine with it.
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20 February 2025 | 3 replies
Additionally, managing series LLCs can be challenging, especially when it comes to opening bank accounts or handling titles for individual cells, which can create unnecessary complexity.
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4 February 2025 | 17 replies
As far as bank is concerned, I am still the borrower, because we did this transfer behind the bank's back.