Leigh Ann Smith
Wells Fargo Businessline Line of Credit
We have a business unrelated to real estate that is a sole proprietorship (no LLC). An offer came in the mail from Wells Fargo saying that our business is pre-qualified for a BusinessLine line of credit of up to $100...
Sam Leon
Freddie Mac REO property owner occupant contract
Had my eyes on a Freddie Mac property. Called the listing agent to inquire, said they already had an offer from someone, an owner occupant.
LA asked if I am investor or OC, I said investor looking for pay ca...
Peace Lily
Portfolio bankers/lenders with no PMI
Hi All, I am a newbie in BP forum. I have been listening BP podcast for over one month and it has been a great learning experience. I hope to learn more RE investing from everyone here. I have a question. Does anyon...
Greg K.
HUD Home Title Issue "Deed in Lieu of Foreclosure"
I wanted to share my experience with a recent HUD Home I purchased to BRRRR. It was a condo, purchased for $185k and the ARV was $250k. There were three comp sales in the complex in the past 6 months so that $250k w...
Aaron Bae
Question for brokers
As a newbie broker in California, can I get paid a commission for a house that I purchase for myself in CA? If so, are there additional steps I need to take?
Janice H.
water in basement of possible first deal in western ME
Hello fellow BP members,My husband and I are interested in a duplex in a small town in Oxford County, ME. It is in a nice part of town on a dead end street and the units looked like they were recently renovated (new ...
Lisa Cary
Help me understand this please
Aloha, I was in the process of doing my first short sale here in Hawaii. Bank approved it for $399K. Owner paid $549K in 2004. I offered $345K. The house and detached cottage bring in $2800 rent per month. (Does t...
Jeff Tumbarello
Citi's RECLASSIFIED balance sheet
Check out Citi's quarterly balance sheet - they're down 120B in assets, have reclassified ALL prior year quarterly/YE balance sheetswithout saying a word as to why.
Heck, just watch the Q3/Q4 blowout of the TARP moni...
Josh Ambrose
Short Sale Dominate Vegas but still dont sell like REOs
I was wondering how you guys feel about short sales. Do you guys think its worth the time to wait for a short sale or do you guys go straight for REOs because they can close quickly and you know what price you're gett...
Christopher Um
Question on Making Offers on REOs
REOs is one arena I really want to step into to increase my inventory for my buyers.
With that in mind,
I am not a licensed broker or anything, but in a couple of days I am going to get direct associate access to the...