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I have had several investors or wannabe investors request I provide them with a POF letter. I have no idea if this obligates me to make a loan. I am not comfortable offering one without a specific transaction in mind....
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Goal : Purchase Mobile home in family park with owner financing. Sell to "Qualified Park tenant" and Pass income verification and prescreen to pay me via payments. Financial Goal : Pay originator off within 6-12 mo...
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Hi BPers! I just finished Mike Butler's Landlording on Autopilot. It was recommended by Ernie from Landlordlocks.com (which are amazing). I'm wondering if anyone has used his Investor Books Made EZ that works with Qui...
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Hello BPers -
Hoping someone can help me here. I am in the process of buying a TH from Ashton Woods in the Triangle Area of NC. The construction has been delayed by almost 3 months and is currently expected to close...
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Good day! I’m new to RE investing and have a unique experience presented to me. As being well-experienced RE investors here on BiggerPockets, your opinions and guidance are much appreciated.
BACKGROUND – I have bee...
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Dear BP Community,
We are in contract for our first investment property. I am gearing up to rent the place out and wanted to get myself informed and setup.
Conduct open houses and viewings when the property becom...
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What the actual heck is going on in some underwriting departments? Does anyone know why a lender, who initial told us we could pull $159,000, then countered with $99,999, then countered again with $20,000 would do thi...
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Last year I took out a loan from a bank using one of my properties that had no mortgage on it. It's a fixed loan with fixed payments. It was to pay emergency bills. I only have a few years to pay it off as everything ...
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I've run into a situation like this: The guy signed a lease with me to rent the property. Later he married and the wife moved in. Now the man says he divorced, moved out. He requested his security deposit back althoug...
Howdy Investors,
For a side project I'm working on, I'd love to interview investors who mentor new investors or work with deal finders (bird dogs). I'd like to talk to you about what is good and bad about mentoring....