Was wondering for the guys who have the cash. Say you have an REO you wish to make an offer of 85K. How much do you feel comfortable showing how much you have on your bank statement? In otherwords if you had 200K i...
I am purchasing a SFH that is already rented. I'm interested in knowing what other information I should request as it relates to tenant. I've requested following already:1. Estoppel agreement2. Copy of lease3. Rent ...
What’s the route to go to obtain proof of funds and do u need a registered company attached
My wife and I are pursuing the BRRRR strategy and have sufficient cash in a savings account at our bank for our purchase and rehab. We made a cash offer a little while back on a property and when we requested a Proof...
Hi BP I need some advice on getting pass a current wall I ran into. So i went to a meetup event and networked with many investors. Alot are cash buyers and willing to get property from MLS and also off market deals. I...
I currently have two private lenders that I work with. I make all cash offers and then obtain the funds from my private lenders to complete the deal. Recently I have been getting Proof of Funds requests from listing a...
In Md the state requires renters to provide rental insurance. I'm looking to purchase a MF home in VA in Jan and wondering if it's customary to require renters to obtain insurance as well. Is it overkill or even legal...
I am looking at this bank to finance some rentals. Anyone have any experience with this bank?
I'm trying to break into a new market, so I don't have any track record there. I've heard that some commercial brokers will ask for a proof of funds before they even show you a deal, if they don't know you.Are there a...
I’m thinking about putting in an offer on a duplex. Both units are currently occupied with leases expiring in Dec 2024 and June 2025 respectively. In general should I try to stay away from tenant occupied units or i...