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...
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...
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.
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...
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...
Hey can someone tell me how to get my money back for rent payment my bank closed my account I was Paid September 2
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...
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...
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...
How much in closing costs on an investment property loan should I expect to pay?
I'm closing on a turnkey in Memphis soon.