Earl Crabb
How to get this loan approved
I have a property I am interested in that the market value is now likely par for what the price has been dropped down to. It has enough land with it that I could build several homes, but how do I get the bank to lend...
Derek Luttrell
First Pre-approval in the books
Hello, Upcoming first time buyer, here. Today I received my first official pre-approval letter from a potential lender. A house I saw last week (3 bed/3 bath; I would have a roommate in the 2nd bedroom, then airbnb th...
Senad Pali
Loan Approval of up to $800K
Good afternoon. I have recently been approved for a conventional mortgage loan of up to $800k. I have been looking in the NYC area (Staten Island) but everything is on fire around the 5 boroughs and have been out bid...
Johnny Nguyen
Bank approval denied because of felony?
Hi I was in the process of applying for a loan through Wells Fargo everything was good low DTI , job history is good, money in the bank. But I have two felony convictions and they denied me because of that. I was wond...
John Moussa
Trouble getting an FHA loan approval
I'm in a big dilemma. Me and my wife are both pharmacists and are looking to buy a mixed use property in Brooklyn (around $1M). Unfortunately, because we both work new jobs that give us a 1099 we don't have enough inc...
Jeff G.
Approved development not looking profitable - Ideas?
Hi all - Our residential development plan has had a "budget bust", so I'm looking for other alternatives. Here's the story:Background: Since the early 80's my family has owned 8.5 acres with our SFH on it in a good lo...
Jennifer Casey Kime
Monthly rental and city approved STR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $145,000
Cash invested: $50,000
Contributors:
Nick Kime
After remodeling we rented on a monthly bas...
Ritesh Sachdev
HOA Approval Issues for ADU STR
Hello Everyone,
I own a home in Lehi, Utah bought about a year back(primary residence) and was thinking of modeling the basement for STR as Lehi city does not permit LTR due to Planned Community. However on further c...
Sean Grady
Pre-Approval letter for commercial loans???
I'm dealing with a "residential" real estate agent on a commercial property. The agent keeps asking for a pre-approval letter and the deal is stalling out. Is it common to provide a pre-approval letter from the lend...
Bryant Xavier
I got pre-approved.. now what?
Hey, BP Community.
I'm in the process of buying my first house here in College Station, Texas. My plans are to buy a single family that is in need of just a little bit of work and do a live in renovation for a year o...