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Until recently I have house hacked. Getting preapproved and then submitting offers. Hoping to acquire duplex or quad this coming year but would be happy with 3/1 or 2/1. Should the process be the same? Since the loans...
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Hey Everyone, This may be a simple question, but how did i get pre-approved for a mortgage for future purchases?Also what benefits are there to getting pre-approved?
It's hard to find too much information on the community reinvestment act . Has anyone used it before and how does it work ? What are the terms and rates ? Does it go off of credit ? How can I apply for some CRA funds?...
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Hi there! My wife and I are new to investing and have secured an agent and a property (fingers crossed), we are currently hung up on the pre-approval letter. Since giving all requested documents, I have not heard from...
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Hello all,I’m trying to get my first deal started by getting a pre-approval letter before shopping. My question is it advantageous to get pre-approval letters from multiple loan brokers? Thanks,Sean
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I’m curious to see if any licensed investors use letter of intents to make offers to properties listed on the MLS. I’m finding that I can’t get a pre-approval letter from my lender as quickly as I would like. I tried ...
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I'm new to real estate investing. I would like to know what comes first once I find potential properties after running my numbers? Should I find potential lenders before I attempt to make an offer or make the offer th...
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Hi! I am trying to be a real estate investor and I am in my research and learning phase. I am having a difficult time determining the purchase price of a home for buy and hold investing. How do I determine my limit? I...
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Hi Team! Thanks in advance for your feedback. My brothers and I own a few SF's and are now looking at MF's. We are activity looking at 3+ family properties. We have been deterred from certain properties because they s...
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Hi all! I graduated from college in 2022 and started working at a mortgage company and have gotten preapproved for a househack. I’ve been looking for about a month and a half with a investor-friendly agent for on-ma...