Michael Marchman
Appraisal "Cheat Sheet" w/ improvements and comps during refi
I have my first appraisal coming up and am meeting with the appraiser. I wanted to create a simple 1-2 page document with basic information about the property(i.e., list of improvements and comps in the area). With th...
Anthony Arnt
rental property deal. yes or no?
Hi, Newbie here. A deal has come up from a brokerage firm. Home is Cash $110000, their estimated CMA is $155000. Has a month to month tenant paying $1075 in rent. They say needs cosmetics only. Good area, nice subdivi...
Jon Collins
I get emails from people claiming to be Private Lenders
Hi, from time to time I get emails from people who claim to be Private Lenders. Has anyone else gotten these? They ask if I have any properties I'm looking for finance. How would I determine if its a scam or real. ...
Dakota Cochran
Should I refi? All details included
Hi bp family, I have got my numbers sorted out and clear to close. I wanted to take advantage of lower rates during the pandemic but wasn’t able to until recently due to proof income (1099)I’m cleared to close and fee...
Jay Chekansky
Possession Before Close Questions
Hey BP,I'm hoping to learn a few lessons from a what happened to one of my house flips recently.I finished off a house flip (the work) back in early February. The house was under contract the first week of Feb. The b...
Sage Fradley
1st deal done. Now i have lost momentum pls help.
Hey guys, Im still at the beginning stages of establishing a path to financial freedom but I have started. I need advice about the best way to get the money out of my house to purchase my next one. Here are the numbe...
Colby Fuller
203K loan process and information
Hi there BP community, who has had experience with a 203K loan? I know there is two types, one for over $35K and the streamlined version for under $35K. Can you do a streamlined 203K loan in conjunction with a VA lo...
Carlo Con
FHA loan vs Conventional loan
I currently have a FHA $200,000 loan with an interest rate of 3.375% with a pmi flat fee of .85% ($141) of original loan amount. I want get a conventional loan to drop my PMI payment of $141 per month. However, the ...
Dan Smith
How to leverage my single family home to get into real estate inv
Hi All,I have always wanted to get into real estate investing but I feel i made a BIG mistake when i purchased my first home!I have a home (my first purchase) in a small rural town in southern new jersey that I purcha...
JJ Neerman
Turned down for loan mod...now short sale or subject to deal?
Good evening B'P Community!I've got a house in rural East Tennessee that hasn't sold in four years. Two years ago we relocated to Oklahoma. we've still paid the mortgage the entire time; well, up until four months ago...