Justin Frye
Closed on my 203k loan with little cash as a NEWBIE INVESTOR!!!
Extremely long process that I am very proud of FINALLY closing. This was my very first purchase and I did it using an FHA approved loan with little to no cash outta pocket. I plan on writing a very detailed blog on my...
Jamie Nolan
Specific wording in a mortgage denial letter
Our buyer presented us with a letter from her lender stating that her loan was denied. The letter that we received did not specifically say that her loan was denied. Is there specific wording that must be used, for ...
Nat C.
Why don't properties always get to a foreclosure auction on the date the judge assigns?
When banks receive a final judgement order and a foreclosure auction date is listed on the order, why don't they always go to auction on that date?
I see it quite often when researching current foreclosure auctions.
O...
Stephan Guna
How to choose between varying loans
Hi all!I'm a new investor, I have done a ton of research and starting to look into deals at the moment and finally feel like I am ready to dip my feet in. I am primarily looking in the Cleveland, Canton, Akron, etc Oh...
Michael Archard
Contingency Issue: Increased Down Payment before Low Appraisal
Hi BP,
I have an interesting legal dilemma here. I listed a flip for sale a few months back and accepted an offer (over asking) from a very strong conventional loan buyer. Unfortunately the appraisal came back low an...
Jabrie Lovelace
Re-Fi out of Hard Money Loan... is this common practice?
I am rather unsure and felt this was a safe place to bring this question. I am currently about 80% done with a project that I started a few months ago. I have received 2 of my 3 draws from my hard money lender. I will...
Nathan Frost
Explain Release Price to me
How does release price work? I have a portfolio loan and am paying it down but need to sell a few properties.What if the home sells less than the release price but I have paid a lot of equity into the portfolio loan?
Amanda Long
End buyer funds.
Purchase agreement with wholesaler. Closing date is on February 29, 24. The “end buyer” is getting a loan but the loan won’t be finalized till after the original contract closing date. Close in escrow says it will ext...
Clayton Laing
Closing Costs on Mobile Homes
Hi all,First time ever posting on here, so hopefully this question doesn't seem too dumb or obvious. I'm currently in talks with a motivated seller looking to sell their mobile home (in a park, not attached to land) w...
Jose A. burgos
New to Texas, barely got 20%
Hi all,Finally making the move onto rental properties. Although technically I’ve already sold a property (my home back in MA) I never thought about it as an investment, to me it was just selling a home. Seeing how wel...