Sam M.
Title company wants Pro-flip statement :)
I talked with the title company that killed some deals in the area for other investors and what they want to see is not just the absence of anti-flip statement but pro-flip statement with the amount of the spread disc...
Nam Hoang
Feedback on my Statement of Work
Hi BP, I'm working on my first renovation project, a 725 sqft 2br/1ba in Jersey City, NJ. I am trying to get bids from contractors, so I've come up with a statement of work spreadsheet that I'd like contractors to us...
Sarah Vanelli
Realtor says HUD needs bank statement?
Trying to make my first HUD offer. I'm working with the listing agent of a property and am trying to make a cash offer of 30k. The agent is asking for a bank statement to show proof of funds. I don't want the agen...
Ryan Swan
UCC Financing Statement for Family Loan
A family member loaned me money to make a property purchase at trustee sale. Their loan amount was roughly 30% of the purchase price of the property. We have a promissory note for the loan amount and I am paying them ...
Justin H.
Bank Statement Loans for Self Employed
I am currently self employed and considering a bank statement loan. Two years ago I applied for conventional financing for a house hack situation and was only approved for a small amount due to my DTI being so high. I...
Sam P.
Preliminary Settlement Statement for cash offer
Hi everyone
I am planning to put in a full cash offer for a FSBO property and the owner has requested a preliminary settlement statement.
I'm not exactly sure what this means, please could someone explain??
Kind ...
Shannon M.
statement of information and state taxes
When filling out my statement of information is it better to say I am a R.E. Investor or Construction Services and does it matter for my taxes for California.Secondly, do I pay the $800.00 in state taxes if I got my L...
Kathie Riedel
IRS Form 1098 Mortgage Interest Statement
Is anyone aware of a means of filing IRS form 1098 electronically as a lender?
Huy Thai
Reverse Mortgage Statement has me perplexed???
I'm trying to put a property under contract that the owner has a reverse mortgage on. The owner is not much help on how to decipher the statement so I'm hoping someone in BPland can help. I see the box to the left whi...
Hasten Rudd
Deriving NOI from audited financial statements
Hello investors,Question for you all. I'm hoping someone could help me out with suggestions in calculating the NOI of a real estate asset (in particular, hotels and apartment complexes) from a set of audited financial...