Isaac El
Steps of doing a shortsale
I have been making lots of cold calls to pre-foreclosure, and I found one that the mortgage is higher than what the house is worth so need to do short sale. I have never done one before, can anybody share the steps w...
Raden Mantuano
Minimum Required Financing Dilemma Need Help
So my partner and I are hitting a dilemma trying to a obtain financing for a multi family triplex deal. Most lenders are rejecting us due to the loan minimums. It’s either too low, or we are too new.. is there’s anyon...
Lester Appel
Newby Short Sale
After some time here on Bigger Pockets, and having run a number of properties through the calculators I decided to offer on a short sale property. I viewed the property with the help of a real estate broker whom I had...
Ken J.
Denied for HELOC due to lack of credit history
Hi,I am considering obtaining a HELOC to purchase a second property (ideally for investment purposes). I have applied with Chase and a local credit union and have been rejected for lack of credit history. I own my cur...
Nikolay Voronovich
Baltimore city delays in recording title
Hello BP. someone might have a tip for me I just recently bought Few rentals in Baltimore MD. Was planing to refinance them right away to keep my BRRRR strategy moving. And now found that city is about 12 months behin...
Shannon K.
Hard Money and How Do I Protect My Deposit?
I’m planning on making an offer on a house tomorrow. If the bank accepts, I need to give a 10% cash deposit within 48 hours. Ok, I’ve got that covered. However, I plan on using a hard money loan on this transaction as...
Christopher Broussard
100% Equity Refinance
Last year I bought a bank owned property for $63,300 using a cash loan from a family member. This property is worth $170,000. I would like to finance/refinance to pay the family member back, but my credit is horrib...
Obdia Whitmore
strange rejected offer
Hello fellow investors! I need someone to help me understand why would someone reject a offer strictly because it was hard money? I placed an offer on a duplex and the seller responded "your offer was rejected because...
Jeff Shaver
Need Advice on how to best use my equity.
Current investment property in San Diego brings in $5K a month, my net after mortgage/PM/etc. is around $650. I have roughly $550K in equity and would like to use that equity to invests in more properties. I have tr...
Kristopher Devers
Finding information on short sales
Aloha everyone, Hoping to get a better understanding of how to address a current situation that has come up several times. Houses are listed on MLS as a short sale. When I start digging up info as far as owners, w...