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Hey everyone! I'm a novice investor with two properties under belt, currently waiting on feedback from the bank for a 3rd. Since I started earlier this year, my personal credit has taken a hit (which I expected as a...
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DTI is an important factor when determining how much house you'll be able to afford. There are situations, however, when a buyer's DTI will be too high. If you find yourself in this situation, the lender will most lik...
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Hi, I'm looking at a property in Rahway NJ. Its a abandoned 4 family unit thats for sale for cheap cheap. Now the building is attached to another building/ property. I was thinking of submitting an offer on the Pr...
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Looking for investment properties , should we get some kind of approval before going out to look?
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Hi,I am new here so many apologies if this has already been answered in another blog post or forum post, but is it necessary or a good idea to get pre-approval for purchasing a property prior to searching for a deal? ...
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Should I get pre approved before I even find a deal or do people usually wait until the deal comes across there desk an then during the offer they do a finance contingency during the offer process
Hello,I have a GC that quoted me approx 30k a job consisting of the following high level items for a small home rehab (approx 950 sq ft). What are your thoughts on the payment scheduled? He is saying 40% up front (12K...
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Hello! Excited to learn from everyone. I’m planning to kick off investing in real estate in January (specifically section 8) and hoping to learn all the tips and tricks in the meantime.
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If I found a home going to foreclosure auction in August and the owner gets approved for a short sale is it possible I can do a double closing being that the bank may not allow me to wholesale the property? (I buy the...
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Hello BP,
I have a friend here in Wa who has section 8 assistance. She found a home to move in to however when section 8 went to inspect the home before approval they said it wouldn't be approved be caused it is zone...