Bryan Wilson
Co-Worker Used Credit Cards to Fix but won't flip
I'm working with a guy that purchase a primary residence. Instead of taking out a 203k loan or even an FHA loan he put 20% down. He was under the assumption he would be able to take out the rehab costs at the end of...
Corey Hostetler
Title Searches
Hey BP,
My question has to do with Ohio Sheriff sales. My primary residence right now I purchased at a sheriff sale and just closed on our last residence. While @ the closing I was talking to the realtors and title ...
Stephen Spradley
Is it possible to use my VA loan for a second property?
Hey guys, Just closed on my first property using my VA loan. The goal is to live in this property for 1-2 years while increasing the value and turn it into a rental and move into another property. I’m having a hard ti...
Pearce G.
Cost basis on subdividing
I have a commercial zone property under contract that includes a building that I intend to hold for rental income and some additional vacant land that I intend to subdivide from the building and then flip.For tax purp...
Joe Lee
Broker shenanigans
Hello,After extensive negotiations, I recently signed an exclusive with a broker to find a tenant for a commercial property. It's been about two weeks and he has shown the property to two prospective tenants who I bel...
Maxine Kunimura
Lender didn’t close on time
I was supposed to close 12/13 with a VA loan on a SFH. I intended to turn my current home into a rental. I met all borrower obligations (submitted all documents) with my lender and the lender told me on 12/12 they wou...
Caleb Masuaku
Can we qualify for a loan ?
little scenario. I live out of state and would like to buy a duplex in Milwaukee, but I don't have the 20% down payment (I have 10% for my price point).I found a potential partner that lives in Milwaukee, and wants to...
Kingston Yi
What's the difference between a HELOC and a Cash Out Refinance?
Do you pay 2 different mortgages with either one?
Marcony Simoes
BRRRR with High DTI
Dear All,I'm considering doing my first BRRR but I have a question regarding the BRRR strategy while having a high DTI and I'm curious to know how others have handled this predicament. According to the bank I'm work...
Tom W.
Applicant has existing mortgage, Reason for denial?
I have a applicant who makes good money, owned home for past 15 years with existing mortgage. Supposedly in process of selling home, but its not listed and when I ask for documentation to show its for sale or under co...