Andrew Yu
FSBO Question about Buyer
I do FSBO to sell my properties to save listing agent commission. Sometimes there's buyer agent involved. I know lots of times even when buyers have per-approved letters, they don't mean much. So I'm cautious about ge...
Lakshay G.
Is Pre-Approval "standard"?
Hello Everyone,I would like to get pre-approved for a loan so when I do have a good deal in front of me, my realtor would be ready to make an offer. My question here is Do I have to get a pre-approval from the lender ...
Account Closed
HELOC appraisals - why so low?
Hi everyone - is it common for HELOC appraisals to come in lower than conventional mortgage appraisals? Last spring my property appraised for $135k and this past fall it appraised again for $85k. No drastic changes t...
Manny K.
Terminate M2M Lease or hang tight till Covid backlogs subside?
Georgia rental - tenant is paying partial 60-70% rent ($400-600 short every month, bit late without late fees every month) since past 8 months, claiming Covid hardship. Refuses to communicate, and is not cooperating i...
Alan Johnson
Checkbook IRAs and Some Syndication Investments at Risk
I visit BP infrequently and am surprised that nothing seems to have been posted about changes the House Ways and Means Committee are introducing to help reconcile the $3.5 trillion spending bill. Two sections in part...
Jeffrey Suarez
ADU CONVERSION - DETACHED GARAGE
Looking at converting our detached 3-car garage into a 2-bedroom standalone adu home. Current 5 bedroom home has its own 2 car garage & carport.
Bought my home this way with 3 car garage already permitted.
I...
Noah Lomax
Title Company Requirments in Chicago for a Selling a Flip
Hey BP'ers,My partner and I are selling our first Flip in Chicago. We used a Fix/Flip loan to finance. The requirements to do so included in-person inspections before each draw, and a lien release after the final draw...
Jacob Rogers
Tenant wants copy of Rental Verification from previous landlord
Hello all!I have a unit I am looking to rent in Cedar Rapids, IA and I had someone apply for the unit. Their credit score and income were borderline out of my requirements but I figured I would still approve them if c...
Blake B.
Credit Scores! How much do you rely on information furnished by the Big 3?
Quick back story: I am helping a client find a new lease. Their current building is not renewing leases for whatever reason and so now my client who just gained citizenship last year and his wife, a victim of identity...
Jacob Chaney
Rapid Rescore: Who pays?
Working on a cash out refinance for two investment properties in DC. Credit agencies aren't reporting correct revolving credit line balances/utilization and lender is suggesting rapid rescore to increase fico. There's...