Interesting situation: I have an offer in on a probate property. Property is in foreclosure. No equity in home and a special administrator has been assigned by court as the PR. Thus this deal would be a short sale. Ad...

We have a property under contract in Chicago. The property is classified by the county as a residential property. We had a hard money lender reject the loan because the area is classified as C-1 (commercial). How do d...

Hi BP

I have found some homes that have everything going for them but their condition is rough.

Hypothetical scenario:

ex. in an area that 4 bed room are RARE.

a home pops up at right price if GOOD condition ( 2...

Hello BP!  Short time reader first time poster.  Facts:  List REO price $88,900.  Cash or conventional.  Listed for 65 days (I know it's longer but listing was allowed to expire and then was relisted).  Reduced $5,000...

Our offer on a home was accepted. The next day, we asked the lender who issued our pre approval letter to match another rate we found. We received this email in response:
“I pass. We need to have started this mornin...

My best friend has been waiting on a condo that's is a short sale . Finally heard from the bank and his lender requested for a condo certification . Do all banks/credit union need one ? Or How can he go about this ?

We have been buying short sales for investment purposes, primarily fix and flip. We just got a rejection from BofA and the reason given was that we had a hard money loan, and they will only accept conventional financi...

Investment Info:

Small multi-family (2-4 units) buy & hold investment in California.

Purchase price: $210,000

Cash invested: $20,000

VA Loan on Triplex -Househack for 2 years
Refinance to convent...

*First post - exciting moment for me* Hello, BP! Thanks so much for all the information, already! Amazing community, now it's time for me to participate. Here's my situation:

I've found an REO property in ...

So we’ve just had our offer accepted on our 2nd property in this crazy market and after celebrating our little win our lender has brought to our attention that being that our down payment and closing costs will be fun...