Matthew Battistini
Getting pre-approved from a lender every 60-90 days?
For all of you active real estate investors that want to be able to pounce on a deal as soon as you find it, I'm assuming you are always in good standing with a lender and have a pre-approval letter ready to submit wi...
Courtney M.
Does it matter where I get pre-approved?
I'm about to submit an offer on an out of state so I need to get pre-approved. If the offer is accepted, I intend to work with a local credit union for financing.Does it matter where I get the pre-approval in the mean...
David Cheng
What do you qualify as a proof of funds?
Currently have a listed 4-plex for sale, 100% occupied. As a screening tool, I ask for proof of funds before we bother a tenant and show the property. To me, any liquidity qualifies: bank letters, bank statements, sto...
Susan Herschell
Preapproval letter
Hi BP community!I am just starting out in investing in MF rental properties. I am working with a mortgage broker I have worked with for several years in buying two primary residences. I know and trust him and he is VE...
Brian Acheiatoph
How long should it take to write up offer if buyer is interested?
I know that this can really vary. I am still hoping to get some opinions on average time for sellers realtor to receive an offer after a showing (obviously, if buyer wants to make an offer)?
Christopher Murphy
Austin Lender Recommendations
Hi All,I have a partner looking to get pre-approved in Austin. Can we get a few lenders that those in the market can recommend that they had a good experience with? How many should he get pre-approved with...5 at leas...
Sunil Sehra
Easiest Conventional lender to work with
Good Morning All,
Has anyone had really good experiences with conventional lenders. I realize that the lending environment is in a flux but I am having a difficulty finding a lender that is flexible. For example, w...
Nick Monge
Is it okay to offer on two properties at the same time?
I'm in the process of getting my pre-approval letter. My father is going to be my partner on the deal, I know there will be no problems getting the financing. We're looking at two 4-unit properties in Alabama.My quest...
Rich Thoms
Pre-Qualification concerns on first offers
I have a question that is probably a bit foolish. I am concerned about pre-qualifications and Hard credit inquiries against my report. The situation is that I have been looking for deals for many months and now see on...
Cedric Brenneman
Getting pre-approved for a loan
Hello all,I am currently looking to get pre-approved for a loan to buy a single family house so that I can live in one room and rent out the others to help pay off the mortage and eliminate my living expenses. I have ...