Edwin Rustrian
Getting a proof of funds
Hi BP community,I'm having some trouble putting some offers in as just about all the listings in my area need proof of funds before considering the offer. I had an analyzed property and offer written but in middle of ...
Clayton Hutton
Stuck between a hard place and a harder place - San Diego
Hello everyone, I'm trying to work out how to get out of an interesting situation. I have found a great property in dire need of repair/rehab. I'd love nothing more than to make an offer on it. The realtor says they...
Maryellen Hwang
Questions on Pre-approval for loan
Hi all,I have a newbie question for you all and hoping you can help. Currently looking to invest out of state and in process of determining the right market. I also understand that I should get pre-approved prior to...
Llewelyn A.
Pre-Approval from Agent's Recommendation but Closing on different
Just curious what others might think about this scenario.I'm a NYC Investor.I have 2 partners that are looking to buy a 3 Family buildings. One of the Partners will be house hacking, the other is going to be a non-occ...
Peter Barrow Jr
Lender pre-approval for small multi-family
Hello. I've heard that getting a pre-approval before shopping for a small multi-family will is the recommended way to let the agent know you're serious and preferred if dealing with a BRRR. However, how do I get a pre...
Carol Bloom
Do you need a pre-approval letter for multifamily 5+
Hello BP Community!I am receiving conflicting opinions if I need a pre-approval letter from a Freddie Mac lender for a multi-family 5+ units. I will be financing the property using the Freddie Mac Small Balance Loan p...
Account Closed
Should I get Financing Arranged First?
Hello BP,I am looking to make my first investment as soon as I find the right deal. I want to build a portfolio of rental property so I wanted to know if I should get financing (pre-approved) in place BEFORE I find a ...
Lynn McGeein
Rant on How Loans Should Be
Ok, real estate agent rant after drama once again on closing a loan. How loans should be: Approve a loan with a specific buyer(s), seriously put them through all paces including tax transcripts, employer verificati...
JEssica Alveriz
Pre-approval letter held hostage by realtor???
Are lenders required to give you a pre-approval letter. I got a referral from my realtor for a local lender for pre-approval. I informed the lender I would be acquiring multiple "quotes" to compare so please provide a...
Dan Shelhamer
Pre Qual Letter
I am in the process of looking for my 1st buy & hold property. I got my pre-qualification letter from Chase about a month ago. I found a property that I would like to make an offer on, however, my agent has told...