Amiel Bituin
Help on information about Pre-Approvals
Hi BP Community!
I am looking to buy my first rental property around June (at the earliest) time frame and was searching for some answers to help me get started. I am looking to get some help and information of how ...
Jonathan Pluviose
Pre-approval Package prior to LOI?
How do I go about getting a pre-approval?
I don’t have a property under contract yet, but the idea I had is to present a minimum performance scenario. Basically agreeing with a lender that, if I find a property that ...
Account Closed
getting approved for another investment property?
just real quick I would like to know that after you guys purchase one or two property's and your debt to income ratio goes higher, how do you end up getting approved for more and more.? Even if you have the 25% down f...
Maryellen Hwang
Questions on Pre-approval for loan
Hi all,I have a newbie question for you all and hoping you can help. Currently looking to invest out of state and in process of determining the right market. I also understand that I should get pre-approved prior to...
Joe Gemma
"Only owner occupied will be approved"
Good Afternoon BP. Currently searching for what will be my second investment property in the Baltimore county area. Came across a disclaimer in a listing (on a property that passes all my initial criteria with flying ...
Kathy R.
Not approve due to low income
Hello everyone,I’ve been doing my research on and off. As I would like to purchase my first property to rent. However, I make 25k and was denied a 235k loan 🤭. I’m looking for a second job at the moment as a customer ...
Matt Lawrence
If you can't find pre-approval.....
I have been trying to get pre approved for almost 2 years now. I now have a credit score of 800, have enough money to cash buy 3+ homes & because of my job I cannot be financed.
I am a professional poker ...
Tucker Kincaid
Getting Pre-approved for a Loan
Hello BP,I am planning to house hack in Boone, NC in the next 6 months and am in the process of getting pre-approved for a FHA or 203k FHA loan and a 3.5 percent down payment. My goal is a duplex or triplex. The price...
Jordan Hamilton
Saved down payment - loan not approved
Hi everyone,I have spent the last 6 months saving about 60% of my income so I could finally move forward with my first multifamily property. I saved 30k and plan on using FHA loan to house hack one of the 4 units (loo...
Michelle Kasper
Heads up on wells fargo approvals
I just wanted to give everyone a heads up if you are working with any wells fargo files. Apparently now they are issuing approval letters that Do Not stipulate that you must not resell the property for 30 days but on...