Elizabeth J Humphrey
buying REO/bank owned properties
What is the best way to put in an offer on bank owned properties? I would be using conventional financing, no hard money no cash. I would not be bidding on auction, these are just listed on the MLS. Is it even possibl...
Ralph DiBugnara
Know the Difference Between Lending Approvals?
Before buying a home, or even start visiting open houses, you'll need a preapproval. a pre-approval or a pre-qualification is a position stating how ready you are to buy a home. However, there are different types of i...
John Hartnett
Cash offers - how MUCH more attractive are they?
I've placed a bunch of offers this year, seeking to pursue a buy and hold strategy to build a rental portfolio. The county records show that a recent house settled for $125k cash, while my offer was $135k with 20%...
Max Lichtenstein
Steps before buying Property
Hi BP community,I wanted to know what are your steps you take before buying a property. You get your pre approval mortgage from a lender and for the position I am in that is what I have to do. What do you look for in ...
Account Closed
REO questions
I tried doing as much homework as possible before submitting an offer on an REO (through our realtor) which would normally be out of our price range.
Our starting offer was $86,000 below what they had it listed for....
Rachel Payton
Financing commercial in Iowa
I am thinking of putting an offer in on a multi-plex in Iowa. I'm originally from there but currently live in Oregon. I'm wondering how financing works for commercial properties. In oregon they base financing on th...
Pedro Oliva
New wholesaler, stay away from REO's?
Would you guys recommend to stay away from wholesaling REO properties till some experience is to be had? The reason I ask this is that from my understanding is that some banks have nonassignable contracts, thus need t...
Katherine Nally
Timing to Close on a Property?
Hello all,I currently live in Atlanta, GA, looking to move to Birmingham, AL this summer when my lease is up and buy a duplex to live in half using an FHA loan for my first property. I've done the research and found o...
Logan Splinter
Pre-Approval for Financing
Hey BP! Thanks in advanced for all the responses! I greatly appreciate everyone's insight and help. It is ultimately going to be a big factor whether or not i am successful or not.I'm looking to get pre-approved for f...
Trevor Muska
I feel shady getting properties under contract without funding.
I have been trying to get my head around the chicken and the egg game. I want to get a property under contract but I'm just starting out and I'm not 100% curtain i will be able to secure funding. Is it shady or immora...