Akiba Watts
new member question - primary residence
I have bought several investment properties that are rented or have been sold. i came across an REO that i would like to purchase as a primary residence. The funding source i use does not do primary residence funding....
Albert Zheng
Financing for New Multi-Member LLC
Hi fellow BPers,I've recently formed a new multi-member LLC to hold residential properties and I'm running into a catch-22 financing problem which I'm wondering if anyone else has dealt with this issue previously. I'v...
Nic DeAngelo
Earning interest while seasoning funds
So I'm honing in a few properties, running numbers and preparing to get pre approved for an FHA loan for a 4-plex.
To get pre approved, I had to have some money in an account, and a family member offered to transfer...
Bret Middlekauff
Waiting for Covid-19
I have been searching and running numbers on properties for months. Of course the real estate has been haulted because of covid-19 protocols but my question is how much? I live in Pennsylvania and I feel like the real...
Bily Elliott
Short sale question
I am looking at a property that is for sale via short sale, it is a low cost home, but not in a bad area. It is listed at 30K, I plan on getting a 401K loan and making an offer. The 30K list price means that the ...
Shawn Hurley
Proof of funds letter
HELLO GUYS I'M NEW TO THE BP COMMUNITY AND I HAVE A QUESTION. I HAVE FLIPPED A LOT OF HOMES BEFORE THE MARKET CRASHED AND DURING THAT TIME I HAD IN PLACE A LINE OF CREDIT AND A PRIVATE MONEY LENDER TO HANDLE ALL OF M...
Jason Eyerly
Would This Approach Work For A HUD Home? (Using HML)
Okay, so bare with me here. I just want to make sure I understand their process. Let's say I wanted to buy this home.View Home It's a 2/1 coming in at 1,000 square feet, pretty average home for the area. The applia...
Vivek A.
Earnest Money Return Texas
I needed some helps here from the Guru's in Texas.I constructed a house and listed it for sale, received an offer along with the pre-qualification letter. The amount on the letter was higher than the sales price of th...
Austin Damon
Starting out in Ohio
Hello all,
I have finished my third book and well into the forth on investing. Right now I am passively looking at properties, not yet ready to make any offers and polishing my deal evaluating skills. I am looking t...
Thomas Garnett
PREQUALIFIED WHILE SHOPPING FOR LOAN?
Hi Everyone, I am working on getting an idea of how much I can conventionally finance for my first deal. I have a list of local banks and credit unions that I am screening. I plan to narrow it down to 5-10 and then ta...