Vince Le
How can a mortgage loan originator become a mortgage broker?
What will need to be done when a mortgage loan originator (who already passed the SAFE test and got the selective state education done) wants to become a mortgage broker to work for themself, so their commission won't...
Dan H.
Crazy small support posts original to house from mid 1970s
The main beam on the patio structure was compromised. It was 4”x14’x23’ supporting nine 4”x6”x20’ cross beams attached to a ledger board on the other side. The main beam was only supported at its end with posts that...
Beth L.
LEASE - Can I accept a scanned/emailed version as original?
Hello All!I have an applicant that is on military deployment oversees and his fiancee lives here. I showed the unit to her and they want the lease to start before he returns (she will move in first). He will be sendin...
Steve Fey
Tenant’s that have signed lease extensions, but no original lease
I just purchased my first triplex. The tenant on the 2nd floor has been there for 15 years. She signed a lease extension with the previous owner that guarantees her occupancy for the next 2 years at a fixed rent level...
Renee Tepper
Wholesaling a property which I originally planned to flip myself.
I started flipping homes last year and have become good at it. Here is my current situation. I have found more homes than I can afford. I have never wholesaled before and want to wholesale one of these. (1) I am afrai...
Jonathan St.Leger
Writing off interest paid on refi loan above original investment
Let’s say you have a property paid in full with a original cost basis of $1.2M and it is worth $2.2M and would like to do cash out financing at 70% LTV which would be $1.54M which leaves an amount of $340,000 above or...
Mario Morales
Should Loan Originators Know If You're Going to be Approved
I have a feeling, and I could be wrong, that Loan Originators have a good sense of whether you'll be approved for a mortgage loan or refinance. When they think you probably won't get approved, they still proceed and h...
Greg Gaudet
Memphis - buy renovated home for 65K or original home for $30k?
Hi All,Like many others, I have been doing research preparing to begin my first REI with a SFH in Memphis, TN (because properties here on Maui are too expensive for regular guys with regular salaries like me!) I've b...
Account Closed
[Calc Review] Help me analyze deal - Rent Primary w Original Loan
Can anyone tell me if Im doing anything wrong here? Trying to analyze keeping my primary residence as rental this calculation was done as a scenario to keeping my current loan the way it is.Purchased - $110,000Down Pa...
Mark P.
New Member originally from Philadelphia, now living in Orange County, CA
Hello Everyone! My name is Mark and my wife and I recently relocated to Orange, CA from Philadelphia. I was recently turned onto BP and I am loving the wealth of knowledge which exists on this website. We are curre...