Juan Arias
Lima Capital One Financial Lending
I had a terrible time with Lima and want to make investors aware of this. They waited 2 days before closing date to tell me they could not fund. The property was great for a BRRRR method as we got the appraisal back a...
Emily Wiu
Help! Underwriter extended closing the day of closing!
My loan officer (not Penny Mac employee) is working with Penny Mac to secure me a loan on a primary home purchase. We started the process in late March, and we always provided everything they requested within 24 hours...
Jazmine S.
Flipping: Do you pay closing costs on both ends?
Hello everyone,I understand that in a buyer's market, you TYPICALLY end up paying for most or all of the closing costs when reselling a rehab... Which can run around $6,000?What have your typical closing costs been fo...
William Allen
Always counter an offer?
For you house flippers out there, do you always counter an offer in some way? We received a good offer today, slightly below list price and a little high on the buyers closing costs but overall it is good. I would l...
Keith A.
Property repair prior to closing for insurance purposes
I am in the process of closing on a property and was setting up the insurance with my agent. The policy requires a 4-pt inspection on the property and I have found that the electrical box needs to be upgraded.
My qu...
Jerome Harrod II
Title Company Closing, Wholesaling question
I was wondering if there was a way to do wholesale deals without actually having to show up at closing. Is there a way to get the title company to handle my part at closing and just mail me my assignment fee?
Account Closed
Wholesaling.
When I do a "Double Closing" are the closing costs taken out of my assignment fee or do I have to put up my own money? If I DO have to put up my OWN money, how much are the closing fee's? And are there ways to bypass ...
Jackie F.
Lender Requiring 12 Months Escrow for Taxes & Insurance
My current lenders for a primary residence I am purchasing is requiring 12 months of escrow UP FRONT AT CLOSING for taxes and insurance PLUS the normal contribution going forward.I have a shortsale on credit report da...
Elvis Methoxha
Auction.com Deal, never use their 3rd party attorneys!
Hey everyone,I put in an offer on a local home through Auction.com, a real estate bidding website. The home is an REO property and all boarded up. I'm confident with my #s and will most likely come out profitable. Tho...
Sheldon Alex
Proof of Funds When Getting a Property
Hi Everyone,I recently talked to a broker I'm working with, and she mentioned that in order to put in a offer for a property, and going through the residential purchase agreement (or contract), you have to first show ...