Gene Hacker
Any pointers for approaching portfolio lenders?
I have put together a list of 15 smaller banks in my area (Kern County, CA) that I think could be portfolio lenders. My plan is to work my way through the list and try to find a bank that is a good fit for me. If anyo...
Sai T.
New bank Policy for cash deposits
Hello Everyone CASH deposit Police changes from my bank. Non customers can not do CASH deposit!Of course non they can deposit checks,MO etc but some tenants prefer CASH 💰. I’m not sure what are other options to receiv...
Jeff Tumbarello
Citi's RECLASSIFIED balance sheet
Check out Citi's quarterly balance sheet - they're down 120B in assets, have reclassified ALL prior year quarterly/YE balance sheetswithout saying a word as to why.
Heck, just watch the Q3/Q4 blowout of the TARP moni...
Anthony Moore jr
First time investor looking into financing options and inquiries
Hello everyone! My names Anthony i'm somewhat new to BP. I've had an account but haven't done too much with the site yet. I'm looking more into how to get started and hope to create some great new relationships with m...
Emmanuel Serrano
Do I need to be pre-approved?
Is pre-approval needed to view off market properties from a realtor?- I know there's other financing options I've been driving around trying to find distressed properties, looking at listings with potential, and some...
Michael H.
House hacking a SFH, can I get a another House after 2 years?
Hey BP family,Wife and I are renting our upstairs bedrooms. we claim the rents on our taxes, we have a real lease, BG & credit checks, ect on tenants. we've been doing this for about 15 months. Can we, After two y...
Account Closed
Good Local Bank and Contacts
All - I have two residential investment properties in College Station I own debt free (value is $180k each) and am looking to do a cash out refi into my LLC to free up cash to invest in Houston. I'm looking to build ...
Alec Anderson
Subject-to help with closing process
I'm trying to close my first subject-to deal and my title company is unfamiliar with the process. Being that it's my first one I'm not exactly sure how to explain it to them either. My understanding is that the proper...
James Spence
Can Someone Help Me Decipher This Lender Offer?
I'm still new to this. Can someone thoroughly explain these terms?
65% ltv max of the PP due to fico & 4 Plex, 40/3, 10.99-11.99% (will firm up upon receipt of the appraisal) , 6 mos pp, 2 points &...
Michael Donato
Question for bankers….
Currently have the option at a credit union to take out a HELOC on my current property. I’m able to buy another property with that HELOC but that bank will not refinance on the new property after 6 months BUT they wil...