Timothy Leong
Taking over an approve short sale
Hi all,
Last week a buyer backed out of an approved short sale and I was able to "slide" right in according to my Realtor. He mentioned that the approve short sale should be moved into my name after a few days and we ...
Rachel Wagner
Getting Pre Approved BEFORE Sending LOI?
Hey Everyone!
So I'm currently in the process of purchasing my first multi family property that I intend on house hacking. I have a business in the short term rental space where I only lease but I've been looking t...
Sri L.
Financing Approved Hotel to multifamily conversion?
I am in contract on a hotel property in ABQ, in the Huning Castle area. Looking for lenders who will lend on purchase and renovation. The property is currently operated as a hotel however it is already zoned for multi...
Sunil Sehra
Pre-qual vs Pre-approval letter
Hi,
Is there a difference between a pre-qual and pre-approval letter. Do agents care if I have a pre-qual letter vs pre-approval letter when submitting an offer? I am confused - getting different answers from peopl...
Chris Haas
"Approved Short Sales" versus wishful thinking
Found this house and liked it quite a bit as a long term rental.
I then found it on redfin instead of trulia and it has a nice big banner "short sale"
http://www.redfin.com/PA/Shillington/101-N-Brobst-St-196...
Kyle Nelson
FHA Approval Using Market Rental Appraisal
Hello everyone,
I am about to place an offer on a 4-unit property. My intention is to use an FHA loan, but I will need the rental income from the property to qualify.
My lender tells me this already makes it a chal...
Jose Rios
New member recently approved for loan
Hello everyone I've actually been a member here on BP for a couple of months now, I've just never posted on the forum. I am looking to get started on my first real estate investment (first home purchase). Unfortunatel...
Account Closed
Trouble with finding VA approved Duplex
Hi all!So i'm having some trouble. I have been looking in my area for duplex-fourplex homes to invest /househack. My issue is that its hard to tell if a seller is willing to deal with a Va loan or not. The below is a ...
Donovan R.
First Lender won't approve 2nd's payoff
I have a Wells Fargo shortsale that will make a great rehab. I have a good BPO price and was on my way to getting it approved. However Citi Financial who has a small second will not accept a 10% payoff for short sal...
Alex Ballesteros
Pre-qualification & Pre-approval ? Questions
- Are there any differences between the two?- Does it matter who you get a pre-qualification/ approval from? I last got mine from some third-party company on Zillow, and I don't know if there are any other better alte...