Aaron Macken
Anyone ever use a mortgage broker?
5 October 2020 | 11 replies
You'll want to make the new job details clear to the loan officer/broker!
Scott Raynor
Inherited tenant with mental illness
18 October 2020 | 3 replies
It might be a good idea to have your lease forbid blocking windows with foil, or other opaque items other than curtains or commercially available window blinds (that are not flags or political).Drug dealers, and fake drug dealers tend to block windows so no light can get in, and no Police Officers can see in.As far as flags it's not a proper venue for National flags, and gives you leverage in case someone decides to hang flags offensive to some (such as public display of WWII Axis flags, or socio/political flags) that might be detrimental to your rental business.Good Luck!
Frederick McCarty
How to determine duplex value without available comps
2 October 2020 | 1 reply
I really want to rent one side and use the other four studio/ office space (for myself).
Daniel Rasmussen
Impossible to get a loan on a single family rental
3 October 2020 | 7 replies
So they have more business than they can handle at the moment and the paperwork and process for a bank (and the loan officer) is the same, so they rather do a $400k loan than a $40k loan.There are a few issues with the type of properties (I used to say sub 50k, but now it's really sub 100k).
Marin Ivankovic
FHA gift money from friend
4 October 2020 | 4 replies
Send your loan officer the completed Gift Letter, copy of the gift check and both (Donor andRecipient) bank statements.* (Donor Bank Statements are required for FHA loans Only)*If the most recent 30-day bank statement does not include the deposited gift check, we will also need an internet printout showing the transaction history between the cut-off date of the last bank statement through the date when the check clears your account.This is a bona fide gift and there is no obligation, expressed or implied, to repay this sum at any time.Furthermore, these funds were not made available to me/us from any person or entity with an interestin the sale of the property including the seller, real estate agent or broker, builder, loan officer, or anyother entity associated with them.
Tiffany Watkins
How to use BiggerPocket calculators
6 October 2020 | 6 replies
Taxes see assessor's office, Insurance get quotes from agent(landlord policy).
Himanish Gupta
Can someone tell if this is private money is legit or not?
23 February 2021 | 11 replies
If you read through all their fine print, you can even figure out what their end game is.After you apply (and provide all your personal info and SSN by the way), they’re going to charge you a 1% fee for “loan processing before the loan can be set aside for disbursement to borrower” (yes I know that’s a little hard to understand but that’s how they typed it).Bottom line, they’re going to try to get money from you up front, but you’ll never get a loan from them.Tips for Avoiding a Scam on BiggerPocketsKyle, see above in this thread the phishing i am now getting this one from a fake Fatco office.. just an FYI you might find it interesting or amusing.
Alberto M.
How to find investors for your properties?
20 October 2020 | 12 replies
We feel we have exceeded our investment potential through friends and family and would like to start searching for other sources of funding such are touching base with funds, family offices or sophisticated investors.
Dylan Petersen
Need some finance advice (career change)
3 October 2020 | 4 replies
If the welding job is a "guaranteed W2 salary" (i.e. similar to an office salary job), that might be a way to go.
Annie Dillon
Close in one day without title company?
4 October 2020 | 15 replies
I have to say though our customer service departments in our major metros here are truly unbelievable help to the hair on fire investors.And of course we prepped our own deeds got with the seller to notarize and ran them to the courthouse to record them.. then we would courier the reinstatement cashiers check to the foreclosure trustee ( in those days based mostly in Seattle) we had the gal at the law office on speed dial.. its was pretty exciting really.