Ken Leibundguth
Is it Legal to be both a loan originator and a real estate agent?
Hello BP Friends,I am considering a career change to become a Mortgage Banker (currently a Mortgage Closer) but I would also be interested in working as a Real Estate Agent. I have tried doing some research into the l...
Account Closed
Can a properly licensed mortgage loan originator be sponsored by more than one lender?
I have gotten mixed messages on this. As a properly licensed MLO can I take apps for more than one sponsoring lender in my state(s)?
If so, don't I become a sort of mini-broker: Shopping my apps to my multiple spons...
Robert Phillips
Plumbing question about leaking that may be originating from your unit in a multi
Hello BP community,I have a condo in a multifamily building where the tenant below me has water damage in their bathroom ceiling. It appear to be happening when the bath is running in my unit. I have a few questions a...
Jack Tucker
Sold for $700k. Original Costs: (Cash 100k + Loans 300k)... How much must I Buy?
I have a portfolio that I have owned for 3+ years. Selling for 700k.
Total purchase price that I paid was $400k.
Let's say that $100k is from "after-tax money" for down payment/rehab cash and the ...
Cindy Girard
Memorandum-Buyer put on property, does he have to sell at original contract price
TREC sale contract signed by buyer and seller.
Buyer put a Memorandum on the property clouding the title stating the date of the contract. (Six days after signing of the contract and way before closing date.) Unkno...
Danielle Malecek
$300k / 119% gain in 7 yrs in Durham, NC. Mid-Century Original to MCM Marvel!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $253,000
Cash invested: $45,000
Sale price: $565,000
We purchased this as our first home and listed the home...
Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train o...
You recently submitted an offer on a house, but you haven’t heard back from the seller. Now what? As an eager rookie investor, the waiting game can be painful. You may already have an eye on other properties but need ...
Account Closed
"cash offer" without real Bank VOD (ie, original statement) aint really a cash offer, is it?
http://cashformyclosing.com/proof-of-funds/the plethora of sites out there offering 'proof of funds' letters - some like the above offering proof of 'unlimited' funds for a low monthly 'subscription' really take the c...
Pace Morby’s name has become synonymous with seller financing, subject to deals, and flipping. He is one of the most educated players in the real estate game on all things related to non-traditional financing. He even...