Sam Alex
help - how to evaluate potential buyers
Hi,I've put my house on the market and am expecting some offers. I need some help with evaluating potential buyers. I had a bad experience a couple of years ago where we accepteda buyer with pre-approval (Wells Fargo)...
Leo Sun
Why loaners only provide preapproval but not prequalification letters?
I plan to start my search of houses this quarter and planned to get a prequalification letter first. With it I can have a better idea of the price range I can afford.I contacted BOA and Chase loaners. And they all tol...
Carlos Flores
REOs - Getting around pre-approval requirements
Just about every REO around here that I want to submit an offer on requires the buyer be pre-approved or pre-qualified by the bank's specific lender if the offer is not cash. I don't want to get pre-approved by count...
Jacob Willett
Property purchasing process
Hello BP community! I am working on getting the pieces in place to hopefully secure my first deal. I have been analyzing properties and I have come across a few that I think would work nicely with my planned strategy....
Ashley Smith
Trying to find a 4plex in Chicagoland!
Hello BP! Newbie here! I decided to jump into real estate through house hacking by the way of FHA loan. Currently searching for a 4-plex. I'm fairly new to Chicago, and live out in the 'burbs. Any advice on finding a ...
Benjamin L.
cons of multiple pre-approval letters
I'm looking at a few different markets for my first investment property and was wondering if there were any negatives to getting a pre-approval letter from a local bank for a loan now if i decide to go with another ma...
Colin M.
What would be your first steps?
Hi there,I've just setup my first LLC, in the state of Delaware with the intention of buying and holding MF properties throughout the US, currently i live in NYC, however - I'm looking at investing in Chicago. I know ...
Jamie Lee Eang
Questions w/Pre-approval Process
My husband and I are looking to purchase either single family or multi-family home and are currently in the process of analyzing deals. We live in a very competitive market, greater Seattle area, and deals go very fas...
Zack Takacs
Any Hard Money Lending Advice?
Rookie question. When getting a traditional loan, most cases start with a preapproval letter prior to placing an offer. Do you get pre approved for a hard money loan? What do hard money lenders tend to ask for/need to...
N/A N/A
I think i got screwed !
Hello all .
Can some of you guys help me out ? We have been looking into buying a new home for our family , we`ve been preapproved for our loan and was told to go find a house .
So we have been looking and looking a...