Antonio Aceves
Proof of funds letter
How do I get or create a proof of funds letter for the seller?
Kristel Lim
How to get pre approved for a higher loan
Hey investors! A beginners question here: how do I get pre approved for a higher loan from the bank? My debt to income was too high for me to get a heloc from my primary home. I got pre approved for 400-500k from my w...
Ashley Sanchez
Need your 'two cents'! How far in advance to get 'pre approved'?
Quick question:
How far in advance should I seek a pre- approval or 'get qualified' for a mortgage loan to purchase a home?
It seems that I have had to pass up at least 2 realtors now because after our first convers...
Galit Garsiel
Should I rent my apartment before selling?
If I sell my apartment and live in a rented apartment while looking for a house to buy and flip, should I rent out my apartment in the meantime?I mean, would it be a problem, showing potential buyers the apartment whi...
Account Closed
How many banks should you seek loans from?
After years of analysis paralysis I have finally decided to stop thinking of excuses to get started, and finally get started. Today.I talked to 4 banks today for mortgage approval, while in the process of setting up a...
Joseph Duff
1st 5 - Unit/Commercial Questions
Hello all - I am looking to buy a 5-unit at 225k with 2k a month aggregate rental income. 1 unit is vacant. The area is solid and is recently has been experience a hot streak. My first single family rental was acro...
Art Maydan
FHA Offers Looking Weak - Express Loan Approval?
I just put in an above list price offer on a 2-flat with an FHA pre-approval and they took another offer. I suspect this is going to keep happening when inventory is so low and buyers can choose someone whose financin...
Nikki Cuozzo
Loan for 3-unit owner occupy
I'm searching to get pre-approved for a 3-unit home that I will owner occupy. Called Quicken loans- they told me they can only offer an FHA with 25% down. They only offer 3.5% down for a 2-unit properties. Can some...
Sophie Scott
Hi guys Looking at a Multi today
Multi Unit 139,000. 2 doors 4 beds and 2 bathroom. 635.00 a month on each. Owner pays for trash. Least goes for 9 mo. One side is empty heyyyyy. That’s for me to move in. I feel I should offer 119.00 I feel tenants sh...
Nick Heltemes
Mortgage for Multifamily
Hello,I am new to the real estate investment world and have a few questions about obtaining a conventional loan for financing. I am looking at buying a medium multifamily (30-50 units) and am looking to spend under 1...