Hi everyone, My wife and I have built up a portfolio of 14 strs over the past few years. We have some capital and are looking to possibly purchase a small hotel. We have only ever bought residential sfr with conventio...
I have an applicant who has provided false employment information (company has no record and paystub has someone else’s name). There are a few other red flags but bottom line is that we aren’t interested. We sent a ge...
Hello BP,Im working on purchasing my first property. I've been analysing deal after deal that came through my funnel and I finally found an opportunity I feel is worthy of taking action on. The problem im currently fa...
Finally ready to move in our very first tenant in February. We have a few quite interested, however we do not have a real application form. Anyone out here willing to share what they have? We otherwise used sample tem...
Hi all,
My question is pretty simple. I have spoken to someone via FB about my rental and they answered my pre screening questions well. They seem like a good fit. The only thing I’m hesitant with is their monthly i...
How much detail do you guys give to rental applicants who get rejected? I do the generic "as a policy I am unable to discuss specifics regarding the owner's decision." We have rental qualifications listed on the appl...
How would I be able to make offers on multi family properties in my area without a pre qualification letter from my lender? I have a family member who will loan me the down payment on a multi family property, they hav...
The perfect property that checks all my boxes for a short term rental just hit the market today and I don’t have financing in place!I would like to put in a full price offer on a studio near the ski area of Big Sky Re...
Hello Friends,This is my first post. I am new to REO but made the first purchase through xome.comI was the highest bidder and bank has accepted my offer. The bank was Nationstar mortgage. Everything went fine so far I...
Recent REO listing 98 DOM description as follows:
Great Bank Owned Home in West Valley Pines. 5 Bedrooms, 4 Bathrooms, vaulted ceilings, mature fruit trees. Nicely landscaped yard in the pines. Very nice neighborh...