Hello BP,Has anybody had any experience with getting a bank loan to invest in real estate? I don't mean a mortgage I mean maybe a 20K loan just to cover most of the down payment or something like that. I'm struggling ...
Hi, I would appreciate some input from experienced investors on the Lease Option exit strategy.Background: In 2014 aquired and sold a property in PA using Lease Option. The tenant paid a L/O deposit and pays $1080/mon...
Hello, So we got our first house finally! after making many offers the last few months. The house is not a foreclosure but a regular for sale. Home as built in 1960. It was already painted an had new tile put througho...
I was hoping someone out here would be able to provide some insight on just exactly how the process of getting a loan approved and underwritten works. Seems as though the standards aren't always the same. Any insigh...
I just put in an above list price offer on a 2-flat with an FHA pre-approval and they took another offer. I suspect this is going to keep happening when inventory is so low and buyers can choose someone whose financin...
I'm thinking about getting a pre-approval just to see what I can afford. But I probably won't be actually buying until end of 2021 or early 2022 because I'm still renting and have a lease that ends in Apr'22.Here in t...
Investment Info:
Single-family residence buy & hold investment in Union City.
Purchase price: $615,000
Cash invested: $45,000
My first purchase, a place to call home.
What made you intereste...
My husband and I were suppose to close on our 2bd/1bath multi-unit next week and the underwriter has rejected the comps found by the appraiser. The problem is....there are no comps in the neighborhood, within a mile o...
I'm looking for other financing options to tap home equity. We were rejected on a conventional cash out note (with our current lender we've had for 10 yrs) for not having enough net income, due to our being self-empl...
Hello BP,I am looking to get started in real estate, but I am a but unsure how to start. I have been watching bigger pockets on youtube and listening to the real estate rookie podcast. I have a general idea for how to...