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23 August 2017 | 3 replies
So now I'm calling all the QuickenLoans and Loan Depot's of country and no one will touch it because: A) Its not my primary residence B) I haven't owned it for a year C) The private lender isn't reporting the monthly payments to a credit bureau so I don't have a verifiable proof of payment D) Been doing AirBnB, so no lease (if I wanted to get 2nd home or rental property financing)Solutions I'm aware of: 1) Most loan officers have suggested I call a local credit union, which I have done> The credit unions are concerned because it's not my primary and I don't have lease in place with proof of payments via bank statements.
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30 August 2017 | 11 replies
Whatever you buy I suggest managing it yourself for at least 12 months.
24 August 2017 | 18 replies
You will find BiggerPockets to be an excellent resource I am sure .
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17 September 2017 | 2 replies
But ....banks aren't typically landlords...Trusts are used for structuring (I suggest removing trust from the mailings and send to the owner/family)Property Management is too broad and will most likely end up in the trash.
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24 August 2017 | 6 replies
If they refuse, my suggestion is you pass on the deal.
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23 August 2017 | 2 replies
If looking for one in your local area I suggest searching the local forums/discussions here on BP.
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23 August 2017 | 2 replies
Tim Simmons I would suggest that you interview several Realtors and ask them the following questions, to ascertain if they are truly Investor Friendly, or if they are throwing you a sales pitch. 1.
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2 September 2017 | 35 replies
I would suggest you go and talk to a local credit union or bank.
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24 August 2017 | 1 reply
Any suggestions are greatly appreciated.