Douglas Laroche
found a property worth looking into, where do i go from here
I found a nice investment property and the numbers look good. Where do i go from here? looking to house hack and rehab while living in the property. I need to move quick before the deal is taken by another investor. A...
Sam M.
What sort of Monopoly is this?
Recent REO listing 98 DOM description as follows:
Great Bank Owned Home in West Valley Pines. 5 Bedrooms, 4 Bathrooms, vaulted ceilings, mature fruit trees. Nicely landscaped yard in the pines. Very nice neighborh...
Nick Louie
Should Pre-Approval Letter Contain Interest Rate?
Hi BP Community,I'm a first-time home buyer in New York City. I was wondering whether a pre-approval letter from a bank should always contain the pre-approved amount plus the interest rate for the duration of the term...
Asher Anthes
Old house with Land
Okay so I'm looking to buy this house owner occupied, and then rent out my current house.
It is a forclosure owned by a small bank. It has 11.5 acres, a pond, almost 4000 square feet. It needs a good bit of work th...
Allie Dattilio
Looking for first deal — HELOC + Pre-approval, what comes first?
We are in the process of searching for our first deal. (Looking for SFH or duplex for under $100k, with under $30k in rehab needs)
We plan to take out a HELOC for the down payment and initial rehab costs. Would love ...
Kevin L.
Using Hard Money
I was just wondering if hard money lenders will usually give a pre-approval letter so you dont have to run to them every time you want to put an offer in. I know each deal is based on the numbers, I was just wondering...
Kathy Li
Making an Offer On a House - Downpayment
Hi, I am making an offer on a house and in the contract it states the bank that gave me the approval letter and the down payment I intend to pay. If the contract is accepted, and I choose a bank different than the one...
Blake Yoder
Buying a house, order of operations
Hey BP, I'm very new to the real estate game and I just want to make sure I have the "order of operations" down, as it were. First let me start off by saying I have read a few books on real estate and attended som...
Jason Patrizi
Hard Money vs Cash Offers
I am working a deal. I have pre approval from HML and. all am wondering do I then submit my offer as a cash offer or should it be submitted as a financed offer? What contingencies should be placed on contract other t...
Martha Daisley
Process for making an offer on a multi?
Helloi am in the process of evaluating my first multi family deal. I have been speaking to potential lenders all of last week. Today i just finished looking at the property and id like to make an offer. The sellers su...