Mike Nelson
Wholesaling an REO with banks Title Company
I have an REO under contract that I can convey to an end buyer for a possibly better deal than flipping myself. I am bound to use the Banks title company per the addendum. What are my options for double closing with...
Lisa Eisenhauer
Need a bank that will set up a checking account for an LLC owned by a Roth IRA
Hi, I am having the hardest time finding a bank that will open a checking account for an LLC because it is owned by my Roth IRA. Apparently this is an issue that other investors have faced as well, because it require...
Rodney Lorenzo
First investment property under my belt. Now what?
I closed on my first commercial property last November - a 6 unit all residential. To those that have successfully expanded your portfolio, what strategies worked for you the most? I want to avoid having my loan calle...
Colbi Ight
Refinance rates and fees
I recently had an independant mortgage broker send me a fee sheet on a house I was looking at refinacing. The home is valued at $155K and I was going to pull $116k out. I have excellent credit and ZERO debt. My bank s...
Jason Renner
Specifics of funding a deal with partner
So a partner and I are ready to go in on a deal together and have a basic operating agreement in place and plan to deed the property into an LLC after the sale. However, I am still confused on the specifics of how we ...
Hen Ley
Have you purchased an OCCUPIED foreclosure?
I'm looking at purchasing a pre-foreclosure at auction- The property is currently occupied by the current owners going through the pre-foreclosure process. Any insights as to the best approach towards prior owners ...
Nicky Rasulova
What information lenders require to evaluate a borrower credibility?
Hi everyone,I had a question on what type of information a lender usually requires from a borrower to evaluate his/her credibility. Is there a sort of checklist of docs/information that is necessary before applying to...
Karen Johnson
Mortgage Documentation Help (AKA I made all tlhe mistakes).
Hello,Trying to secure a mortgage for my first (deliberate) investment property and I made some mistakes. Now, I'm worried they won't approve the loan. Contract has financing contingency and contingency needs to be m...
Wilson Lee
Short sale, I don’t know what I’m doing
I received a call this morning from a lady in another city. She heard from a friend of a friend that I buy real estate. She somehow Got my number and she told me her story.Her and her husband are divorcing and they...
Brandon Crumpton
leverage
Can anyone explain the pros and cons to using my first rental property as leverage to purchase another rental property,