At the beginning Blue gate said we were good with the loan approval.

Banks must approve a short sale for a short sale to take place, and banks hire appraisers and other real estate agents to perform broker price opinions (BPOs), or estimated values of the home.The goal would be to negotiate with the seller before the home becomes a short sale. 

The second page is a page for the doctor or professional stating what the tenant is requesting and giving them a little info as to why we the landlord are asking for it. the 3rd page is the ASR with simple yes-no questions. the 4th page is the approval or denial with what information was considered as well as contact information if you want to allow the 2nd review if a larger company.  

I love the idea of the permitting process (protects the consumer) but my local municipality can’t hire enough inspectors (low pay/stress/high experience requirements) so the wait time is 30 days to get your permit approved and 30 days more to schedule an inspection.

If it $500 and they approved $600 there is a possibility that they may owe you $100 but it is doubtful. 

They do have you approve different settings that prices your property at the 50th percentile of your market or 75th percentile etc.

Read carefully any PPM for any of these syndications and identify how many times the SEC demands the following disclosures: 1) you can lose all your money 2) there are uncontrolled risks 3) there are no guarantees 4) the numbers are all hypothetical 5) the syndicator will use leverage 6) the market usually fluctuates 7) the SEC does NOT have a copy of the PPM 8) the SEC neither read nor approved the PPM 9) the SEC does not vet the syndicator 10) the offering is not registered with the SEC 11) there are conflict of interests 12) the SEC encourages you to seek professional advice Etc etc The game of real estate is based usually on investing in your own back yard and getting some reasonable leverage and if things go against you, then decide if they are issues related to the market cycles and you can hold on till the market shifts and recovers or you should just dump the project at a loss and pay off your loan.

If you are thinking of buying a fixer, I would consider buying now before plans and everything get approved for all of these homes. 5.

I used to work in finance and we could get clients approved for a HELOC in less than 24 hours which will be much quicker than the cash out finance.

I got approved for a HELOAN on my primary property but not sure if I should take the loan to just use as “leverage/reserves” to show the HML and get funded.