Bryan T.
Preapproval... What if bank statements and tax return don't match
I have never purchased a home before so I am wondering if the conventional mortgage preapproval process is similar to an IRS audit. For the preapproval, what if bank statements and tax returns don't match? Do they che...
Michael Ding
Best Online Rent Payment
Hi All,I was wondering what everyone is using for online rent payment collection? I have gone through the BP forums and found a list of good online rent payment systems, but I wanted to see if anyone had feedback (goo...
Account Closed
Mortgages for less than $100k
I have always heard that you couldn’t get a mortgage on a property under $100k.
I never knew why you couldn’t I just accepted it as fact.
Do you or anyone you know have any experience with these less than $100k lo...
Monica Blair
owner financing and reporting payments to the credit reporting agency
Happy New Year Everyone,
I am holding the note for a property I owner financed. The buyer has begun making payments and I am seasoning the note for a note buyer. I have a servicing company that is handling the paymen...
Raphael Bumbury
Pro's and Con's with a lease option as a buyer
I'm a long time observer of real estate and I want to purchase my first property this year. I'm working on building my credit. I was told that a lease option was my best bet in my position but I would like to fully un...
Michael DeVane
Tenant set up cable TV account in my name and then didn't pay.
Should I pay collection agency with Tenant's deposit money, report ID theft, or what?
Fabio Secaira
Investor-friendly bank options in Maryland
MD folks, I'm in the beginning stages of my real estate career and need to open business bank accounts. I want an investor friendly local bank that I can build a relationship with. Who do you experienced investors use...
Richard S.
New Jersey Rent-to-Own / Lease Options
Hey everyone,I'm intrigued at the idea of offering prospective tenants/buyers my single-family homes with a lease-option or rent-to-own scenario. I don't know a lot about Dodd-Frank yet, except that it definitely appl...
Brad P.
Talking with Local Banks...
My partners and I have our first two meetings with local banks tomorrow afternoon. The main topics will be establishing a business line of credit and/or construction loans.
We have one successful flip under our be...
Ross Bernard
Using Gift Money as Down Payment
I am trying to buy a SFH investment property, but have hit a major snag. I have $35,000 for a down payment but it was a gift from my parents. Lenders are telling me gift money cannot be used as a down payment for inve...