Hello all, when obtaining pre approval for a conventional mortgage does the lender state a specific time frame or place an expiration date on the approval amount? If so, how long is the approval usually good for?

Our extensive research process resulted in a significant pay off this week. In September, 2015, we purchased a non-performing 2nd mortgage on a property in a desirable area of Pasadena, CA. The homeowner had not made ...

I am really stressed out right now. We have a 4plex under contract and it is a great deal and cashflows well. Our lender had said we could put 20% down but is now saying he needs 25% down (no reason as far as the deal...

Investment Info:

Other buy & hold investment in Pensacola Bch.

Purchase price: $354,000

Cash invested: $53,000

This was a seller financed deal that would have been perfect had I known then what I...

I am looking to purchase a package of properties in Ohio. The owner is interested in owner financing but has questions about the tax implications for him and how the gains would be handled.Details: 2 parcels1 single f...

I've been considering real estate investing for a while, but just got a big push. I am having another child and need a less complicated place to live. As it is, I have an acre of land and a house I've been slowly remo...

I have raised my bar of purchase price to a rental unit.  Seen many properties, if they are cheap they come with issues and need to be fixed, full overhauls.  I found a house, cost 100k, done great inside, nothing nee...

Hey everyone,I had a quick question. Is it true that finding a local mortgage broker/lender is better than using a traditional bank like Bank of America? I've talked to real estate agents who mentioned that local brok...

A couple of weeks ago I sent out a mailing to landlords who recently evicted tenants. I got a call back from an out of state owner looking to get rid of his 15 unit. Based off of the numbers, it would be a great inves...

I have finally committed to making real estate investing a business instead of a hobby! Now that the light has gone on, I am trying to get some systems in place and getting more organized to make things run smoothly.I...