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21 February 2022 | 7 replies
@Dana Revallo, as others noted, traditional loan products that will get sold to Fannie or Freddie will use the valuation an appraiser assigns, and that is almost always the sales comparison.
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3 February 2022 | 11 replies
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5 January 2022 | 8 replies
These are non-recourse products too!!
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6 January 2022 | 9 replies
Make sure you check out all that this site has to offer for members.There are some great discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro
8 February 2022 | 4 replies
I agree that it's the buyer's obligation and most wholesalers don't want to spend the money, but you will present a much better product if you present the wholesale deal with an inspection.
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9 January 2022 | 6 replies
He calls the seller and explains that the buyer is already financially approved and the offer is essentially equivalent to a cash offer with an appraisal.
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8 January 2022 | 8 replies
Essentially meaning that any time of work you put in, be it in lead generation, submitting offers, etc, you won't see the fruits of those labors until about 90 days out.
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6 January 2022 | 6 replies
It's a Fannie Mae/Freddie Mac product and would need to be in your personal name.
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6 January 2022 | 1 reply
-Sherwood"You gotta run the numbers like it's 100% financing.. which will essentially make them the worst numbers.. and if those work out, you know that X percent down is icing on the cake" -DorkinBrandon analyzed CF with 100% financing assumption...Can someone explain this concept?
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6 January 2022 | 7 replies
Are they both buying it or is he buying it and she will be living in it and essentially paying rent?