Is it just me or are entities like Fannie Mae and HUD listing there assets at market value more frequently nowadays?I constantly see homes that are bank owned listed at market value even when we give a BPO for less du...
When you put in an offer through a realtor, with a 48 hour response time, is it normal for the realtor to wait until the last minute, get all other offers in, then submit them at once? My last offer was full price an...
Hi, what is the % I can take out of a home if I am refinancing an investment property? I’ve heard it’s 80% but a loan officer told me 70%? Anyone done this and know the answer?
Can an LLC co-sign on a mortgage loan? I have clients who want to purchase an investment property together. One partner is in a good financial position. The other partner has cash, but his ratios are terrible becau...
Is there any easy way to estimate a general amount for closing costs?
I am looking at a 44K REO, and I want to have a good idea what I am going to have to pay upfront if my offer is accepted.
Hi all. Hope you're doing well.
I put a bid on a Homepath property yesterday at 10% below asking. I've been doing some research and it seems the typical process is they will counter with a reduction in aski...
A few months back I posted a question about renovation loan options. We needed a renovation loan but weren't eligible for 203K because we currently have an FHA loan. Big thanks to @Mike Martin Who suggested we look in...
Has anyone else noticed that it seems that the people who have the least understanding of money, investing, and profit and loss are bankers???Seriously though, we own 17 rental units; a five plex, a four plex and a ho...
I am looking to purchase another rental and want to make sure I know where I stand with my refinance options after I rehab and rent it out from an initial cash purchase. There are the following questions I plan on ask...
Can someone tell me the basic in and outs on the best approach for winning a Fannie Mae auction. The property was listed for sale for quite awhile. I had my agent call to make a cash offer on it and the REO agent said...