I'm currently trying to refinance my mortgage loan to a conventional. Is it possible to use one appraisal to shop around to a few lenders? I was told by one mortgage representative that I they could not use the appr...

Ok so I have posted on he formulas before, however some quick background info. I'm 20 years old working full time and have a decent income, for my age at least. I been around rental properties my whole life(parents an...

Hi there,

I'm looking to put a bid on a HUD house, using an FHA loan.
The house is listed/appraised for 90k. The house is worth that and i plan to offer slightly more than asking. I know that anything over ask...

Hi Everyone, Couple of months ago I got involved in a short sale. The broker gave us a BPO of $140k. Suggested I bid 120. I bid 110. Couple months later the bank came back with their appraisal of 170. Broker said thei...

Investment Info:

Mobile home private money loan investment.

Purchase price: $480,000

Cash invested: $100,000

What made you interested in investing in this type of deal?
Simply because I ha...

Hi,
I have a back up offer on a short sale property I'm interested in. The offer is for full asking price with no unusual contingencies, inspection, appraisal and financing. My agent forwarded on the signed contract t...

Hi all, well I have been looking into another short sale recently. I put in a bid along with 3 other people (2 months ago). I was the highest bidder and the bid went to the lawyer and the bank. A month and half later ...

Hello community!! I'm a newbie here, but I've listened to a bunch of podcasts and decided I was ready for my first flip...Finally got an offer accepted and am closing in 1 month.  Holy shit.  It's really happening!! I...

OK folks, I need some creative suggestions here.
Scenario: I found this house I want to purchase as O/O. House is REO in need of repairs: needs carpet, appliances, some plumbing and electrical work, some exterior touc...

Could they be worse?

I'm sure they could be, but right now I'm pissed! Found a Fannie Mae house we liked, needed total renovation, but was just what we wanted. On the market since March, they reduced the price $10,00...