Hi,
I am interested in a commercial office space property. My realtor wants me to be loan approved before the property releases its financial history. This seems counterproductive since every lender I've ever spoken...
Hi BP forum, Getting ready to make an offer on a residential property and seller wants proof of funds. I have 35% saved up for downpayment/closing, etc. Are there any downsides to showing the seller that I have this a...
As you will be able to tell by my question, I’m new to this and looking to start investing. I have the funds for down payment and have the credit for a loan. But if I don’t know when I’m going to find a deal to financ...
Hi, I'm looking to purchase a 5 unit, but the realtor is asking for a pre approval letter from a lender. Is this based on credit score?
Hello, I currently have 2 separated Pre-approval letters from 2 different lenders. 1 from a mortgage broker and another from a credit union. My question is can I use both separated approval letter to get 2 different p...
Back in April, we went into contract on a Coldwell Banker property but ended up canceling on the contract. Recently, we put an offer for another property in a neighboring city that’s listed by Coldwell Banker as well....
First time home buyer. I have excellent credit score, small down payment (under $10k), DTI is at 8% - there's a teacher loan available at my credit union: no down payment required or PMI and it's 103% financing. Loan ...
Good afternoon - What does anyone suggest when submitting an offer for a property where we'll be using cash and/or hard money on the deal, rather than conventional financing (pre-approval letter)? Bank statement, let...
I have not used hard money yet. So far, just used my own cash. But I miss a number of good deals because they are just out of reach. What usually happens here in Michigan with a good REO deal, is that it will li...
I am looking to get out there and buy my FIRST property. I currently need to get qualified for a loan, but I understand that pre approvals only last a couple of months. If that is the case, how do you go about looking...