J. Mitchell Bernier
Well It Happened...Walking away from Earnest Money
Well it happened. I am having to cancel a contract due to funding issues. I went under contract on a home with a local bank that I have used for over three years and still have active loans with decide to become more ...
Shawn Melis
Lender Canceled Funding day of close
I am working with a broker to fund a loan for a duplex in Baltimore...the lender being used by the broker is Visio Lending. We signed closing documents this morning, and at 1:45pm I got word the loan didn't fund. Sell...
Joe Marquez
Financial analysis of tenants
Hello,
We have a rental going for ~4100 a month. A perspective tenant is applying and checks off our criteria but they provided us with bank statements and they only have ~$1200 in the bank. Their income is verified...
Erik Kuhi
Rookie looking for advice on a flip deal in NJ
I came across a property on homepath.com that was damaged by Super Storm Sandy. The home is in desperate need of rehabbing and most likely needs to be raised due to FEMA guidelines put in place after the storm. Just l...
Sean DuPre
Wholesaling in California
Hello Everyone,
I am new to the wholesaling that has been going on. Looking to close my first deal really soon. The thing that is most confusing to me right are the wide variety of numbers in California ....northern...
Jody Des Roches
Newer investor from Waianae, Hawaii and Richmond, Virginia
Aloha! I'm an IT professional looking to supplement my income and eventually exit the mandatory workforce. My passions are my kids/family, surfing and mountain biking.My real estate experience so far... my wife and ...
Michael Lee
Dallas rental market cools down?
Any one from DFW notices slow down in rental market? Had a townhomes that always rent out in a month , but starts getting no serious applications this year at same price...Not sure if it is a sign of overall market, o...
Andrew Mankowski
Investor friendly local banks in Tampa
Hello BP, I have tried to build relationships with some small local banks, in which they have tightened up on their lending since Covid. I was wondering if you know of or work with any small local banks in the Tampa a...
Account Closed
California Landlords Beware! Rent Wars
"In what may be a precursor of thing to come throughout the state, the Sacramento Bee is reporting landlords are increasingly using flimsy pretexts to begin wholesale evictions of low- and moderate-income renters from...
Allen Wu
Frannie Mae Title Seasoning
My loan office just inform me that, Frannie Mae just came out with a new guideline. All B buyers need to hold title for at least 90 days before the C buyer can get a loan, even with conventional.
I spoke to a few l...