Garrett Ellison
Getting Pre-approved before making rapid offers. Details?
I've got some funds secured for buying my first rental property! However, I have a couple of newbie questions. I feel like some of these small details get left out in the podcasts.I'm assuming I should get pre-appro...
Robert P.
Getting mortgage pre-approval before making an offer?
Do you guys tend to get mortgage pre approval before making an offer? I would prefer not to do a hard pull on my credit. Also, how do you guys go about finding the best lender packages? Interested in hearing the t...
Michael Williams
Making offers on properties without pre approval letter
How would I be able to make offers on multi family properties in my area without a pre qualification letter from my lender? I have a family member who will loan me the down payment on a multi family property, they hav...
Kaelin Stewart
PreApproval Letter Before an Offer Can Be Made?
I am making an offer on my first rental, the agent says I need $500 Ernest money, and a pre approval letter or proof of funds before I can even make an offer, I know the Ernest is common but is the proof of funds/prea...
Bryce Jamison
Do you Match your Preapproval amount to your Offer?
On a recent episode of the BP podcast David Greene recommended matching the amount on your preapproval letter to match the offer price so a listing agent doesn't automatically think they can get more from you. This se...
Brooks F.
Seller's agent "insists" on a pre-approval with offer?
I'm trying to buy a residential property under a commercial loan.My commercial lender will have no problem giving me the money- I already spoke to him about it- this is one of the smallest deals I've ever done- but my...
Zoe Mercier
Offer accepted but financing fell through even though preapproved
I got preapproved with a lender, submitted my offer and it was accepted. Now the lender is saying that they can't lend because the house cost is so low that the closing costs would violate the predatory lending Sectio...
Alecia Loveless
My Realtor Included my Pre-Approval Amount With my Offer
I’m making an offer on a MF and my realtor included my pre-approval amount with my offer. I offered $25,000 less than the asking price as there’s no comps anywhere near the asking price. Granted this building is much ...
Jonathan Kramer
Pre approved, offer accepted by owner. What's my next step?
I got pre approved before looking for a place, found a great place, she wanted 32 I offered 25 and we settled on 26. Home inspection is done, repairs are estimated at 2,000. Is my next step to tell loan officer I'm r...
Julia Taylor
Getting pre-approved for refi BEFORE writing all-cash offer?
My husband and I are first-time investors. If I am understanding the refi chapter of the BRRRR book correctly, David advises getting pre-approved for a refi BEFORE you even put a cash offer on a home. Am I understandi...