Bobby Trujillo
Buying Pre Foreclosures
Hi everyone, I am looking into pre foreclosures in Aurora Colorado. I am looking at a property that has Notice of Trustee Sale tag and wondering if I can still contact the Borrower and make an offer before the sale. t...
Account Closed
Finding first rental property. Metro Detroit suburb area
Hello BP community. What’s the best way to find your first rental property? Are paid auction websites worth joining? Should I call a random realtor in the area of interest? My time to research homes is tight consid...
Kumar Gaurav
Lender offering better refinance rate with a buy down
Hello,I am in the process of Refinancing my loan and lender is offering me a better if I buydown the mortgage by $50,000.Although it's feasible to pay down principal by additional $50,000 at closing. I will end up com...
Laura H.
When you inherit tenants, do you get the YTD rent?
At a recent REI seminar, the speaker said that when you buy a rental property, you get the rents for that year. Like, if I closed in May, I should get Jan-May's rents and deposits from the seller at closing. Is that r...
Michael Plante
How are agents paid in housing developments?
I have 12 lots I will be putting homes on and selling one model and then pre-selling the rest
After figuring out the commissions I will be paying I have thought maybe step up with the big boys and have an onsight a...
Frank S.
Mortgage Comparison
Hi BPs!, Can you please review this provide some feedback, please? I refreshed my pre-approval to lock the rates. Here is what my lender provided.Location: Chicago, ILLoan 415KIf you put the 20% down, I give you two o...
Tech Cheng
Cares act distribution vs SDIRA
I’m looking to use retirement fund to invest. Heard about the Cares act distribution (if you’ve faced covid hardship-which I am)So wondering if it’s better to take the 401k funds out before end of 2020 (tax breaks) Vs...
Eli Mohrland
First time home buyer
Looking for advice on mortgage types that can be manually underwritten. My girlfriend and I are looking to buy our first home possibly in the Bozeman MT. area. We have atleast 10 grand to put down and would be happy i...
Jonathan Kramer
Pre approved, offer accepted by owner. What's my next step?
I got pre approved before looking for a place, found a great place, she wanted 32 I offered 25 and we settled on 26. Home inspection is done, repairs are estimated at 2,000. Is my next step to tell loan officer I'm r...
Santosh Prabakar
Interest only refi
I bought a fixer in Oct 2022 in leander TX and due to market conditions lm unable to sell it. I plan to make it a rental and would like to do a cash out refinance for $125k. What are the rates for interest only refi? ...