I have been trying for the past year to figure out what kind of REI to get into and I have finally decided that since I don't have a lot of cash, I should wholesale properties. However, as I look at the properties an...
Hello, I've compiled 30 numbers for mortgage lenders in my area in an attempt to get pre approval for financing. Wanted to ask the forum what I should bring up in my conversation to help my chances?
I just graduated ...
I’ve been dreaming up an approval flow chart to standardize who gets approved and who doesn’t as well as who might get approved with a 2x security deposit. The general idea is to start with “do they make 3x rent” and ...
New to investing, I found a town home I liked which will fit perfect in my portfolio. The listing price was 205, I offered 200 and it got approved. This is essentially a turn key unit. On a second look at comps in the...
I have a lady who contacted me. She's pre approved for a 50k mortage. I have a house under contract for 29 that fits her needs. I know I can't assign this contract on a pre approve mortage. I'm thinking ill need trans...
I found a house up for sale that I believe is in an estate. Since I am new at real estate investing I don't really know what is all involved with this sale. Is it hard to do a purchase from an estate? Is it time co...
I'm not sure if I'm posting in the wrong section of BP or not. New to BP and also to Real Estate.
Ok I just got pre-approved for an FHA loan. Didn't quite go as I planned but did get some good news. I actually got ap...
I'm looking to purchase my first investment property soon and I'm currently getting pre-approved for a conventional mortgage. Is it common to go to multiple lenders to get pre-approved? I've already contacted two (m...
Hello everyone! My partner and I are newbies to the REI world and are starting to look in our area for either a multi-family or a single-family (Cincinnati, OH). We began the pre-approval process pretty confident that...
First time looking into a hard money lender to fund a deal, I'm from the South side of Chicago looking for a local lender that knows the market well. Any red flags I need to look for on getting approved for a loan?
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