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21 May 2020 | 2 replies
When an appraiser submits the appraisal to the lender and then the underwriter wants a lower value and sends it back to the appraiser claiming they don't like his adjustments or comparable selections?
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24 May 2020 | 8 replies
We close on June 1 so I am working through the project planning and queuing up contractors/supplies etc and selecting finishes.
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24 May 2020 | 7 replies
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21 May 2020 | 4 replies
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21 May 2020 | 5 replies
Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.
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27 May 2020 | 2 replies
Though you can get this money back after a time, it initially reduces your cash out or requires you to bring additional dollars for down payment.As @Jay Hinrichs mentioned, I've seen private/hard money become more expensive and more selective.
23 May 2020 | 12 replies
Do a rent search and select those areas that are more B- locations.
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25 May 2020 | 6 replies
I'll then select 5-10 and take a deeper dive into tax records to see what the final sale value was.
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22 May 2020 | 10 replies
Select the "Network" tab and you'll find lots of lenders.
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27 May 2020 | 4 replies
Realtor - try to hire one who is NOT afraid of the 203k, preferably one that is excited about house hacking Lender - hire one with 203k experienceHUD Consultant - lender is ultimately responsible for the selection of the HUD approved FHA 203k ConsultantContractor - must meet any local license/registration requirements and has a GL insurance policy; good to hire one that is also bonded; strongly recommend hiring a contractor who has been properly educated on the 203k or has verified experience with the 203k, such as a Certified 203k ContractorYour only as strong as your weakest link ... select your partners wisely.