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Results (10000)
Katrina P. Question about POF letter with REO properties (Transactional funding)
12 October 2010 | 13 replies

I just got off the phone with a Realtor whom I told I have Proof of Funds for a REO property. He asked me was it an FHA loan, and I said "no, it's transactional funding". He didn't know what I was talking about, and...

Lettie T. Why do seller's agents require buyers to use local banks?
12 May 2021 | 7 replies

I'm a newer investor, so forgive me if this question is nieve, but I'd like some insight. Seller's agents are refusing to present my offers to the sellers without a pre-qualification letter from a local bank. I was so...

K.D Neider Deed in lieu? Has anyone tried to wholesale a deal like this?
2 February 2015 | 7 replies

I have a potential lead and wanted to know if anyone has any experience with deed in lieu deals and if they can be wholesaled.

Nick Buten CPA Question: Sale Vs. Seller Finance
25 October 2020 | 4 replies

Hello, I’m hoping there is a CPA in BP who can help me explain the 2 scenarios below to a seller. ***The seller has no debt on the property Offer 1: $375,000 (Bank Financing)Offer 2: $375,000 (Seller Financing)- 10% D...

Shuntay Mcbride Bank account closed need rent funds reimbursed
24 September 2021 | 5 replies

Hey can someone tell me how to get my money back for rent payment my bank closed my account I was Paid September 2 

Raimel Diaz Proper way to ask a bank for "cashout" refi
1 April 2018 | 5 replies

Good day everyone. Im in the process of finding a bank that would allow me to do a cashout refi. Now is there is correct terminology for Cashout refinancing when speaking with a bank?  When I was speaking with the loa...

Account Closed What is "post com advance?" (NYC foreclosure)
16 December 2016 | 4 replies

Hey all,The closing on a house I'm pending on just got adjourned, and I don't understand why. The email from the bank's lawyers states:"As requested by Mr. Wank [the referee] we need to obtain proof of post com advanc...

Alyssa Hergenroeder Young, looking to buy/live in a flip house
24 September 2014 | 6 replies

I am 20 years old, currently working in a hair salon making decent money but just starting out. My income looks small, but my tips make up for it big time. How do I get approved for a loan on a house when my income "L...

Bradley Dosch Seller worried about liability on seller financing
1 December 2021 | 4 replies

I’ve recently talked with two different sellers. The main reason they’ve cited as not being interested in seller financing is because of “liability”. That is, the liability of someone getting hurt and also stricter la...

Rico See Closing costs on an investment property loan.
11 April 2018 | 17 replies

How much in closing costs on an investment property loan should I expect to pay?

I'm closing on a turnkey in Memphis soon.