3 December 2021 | 2 replies
If you are well-qualified (in terms of DTI) and don't need the rental income to get approved for the loan, you are probably okay to move forward.
12 December 2021 | 6 replies
They agreed to pay 100% and that lasted until they were approved for money from the state for the prior underpayments.
8 December 2021 | 7 replies
Our goal is to rent your vacant property as efficiently as possible, which requires us to balance how long a property is vacant, rent amount and tenant quality.Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.
5 December 2021 | 16 replies
The bad news almost every repair is $175-$250 because the technician knows the job will be instantly approved by the PM.
6 December 2021 | 2 replies
I am on the fence if I should try to get the properties approved to accept section 8 housing vouchers.
11 December 2021 | 2 replies
It was a very long process since they had a bunch of restrictions and I had to be approved by NH Financial Housing Authority How did you finance this deal?
7 December 2021 | 8 replies
You could get a pre-approved set of plans from the city and throw it in with the deal...
4 December 2021 | 0 replies
is there a real estate investor community that shows me step by step how to find , analayze , fund and close deals at my own time, from home or mobile; how to scale my real estate business and other businesses all while having the support of a community of experienced and new investors working together, masterminding, partnering on deals online and in person with local meetings?
15 December 2021 | 16 replies
What steps do I take next as of now to the end goal in regards to getting pre-approved for VA loan, finding a property or working with a real estate agent and closing on everything?
5 December 2021 | 1 reply
Hello BP lender community,I’ve been shot down a couple of times by conventional lenders telling me that the VA will not approve of 5 acres with a double wide and two singles.