We closed on a property in April. Our lender just reached out and informed us the FHA is refusing to insure the loan. This means our lender is kind of stuck and the loan is going to stay on their books. They want th...
Is it just the simple fact an eviction exists that I should deny an application, or should I look at the nature and facts of the eviction and consider criminal history before deciding to just deny the application beca...
A seller agent called me excited about the offer made by my client. He asked for the preapproval letter and the offer was declined immediately. My client approval letter did not show enough to cover the home, but we p...
Hello BP!
I graduated college in May and currently hold a sales position. I have held this job for 5 months, and make $650 per week before taxes as a base pay. The bank I applied to said that they cannot count my com...
Hi everyone,Interesting situation happened over the weekend and would love some feedback/advice. During the inspection on a property I'm buying in the Cobbs Creek are of Philadelphia, the tenants were present and ref...
Can their be legal recourse against a lender who preapproves a loan and then later deny the loan after I have entered into a ratified contract?I am finally in the process of purchasing my first real investment propert...
I got a call from my tenant today saying that the garage door is not closing completely.I went by to inspect and found the top part of the garage door was damaged and would not let it completely close.Tenant said her ...
Hello BP,So I had planned to house hack (live-in flip) over a year ago, and I planned on talking to lenders and getting the whole loan process started in March and hopefully done by May, to put offers on houses and cl...
I'm new to the landlording world and had a question about denying applicants. I recently put my duplex up for rent and have received many applications. I received an applicant who passes all the criteria and if everyt...
I am in contract to purchase a hud home, I have filed a few extensions to close due to lender delays. The last extension I filed, hud stated this would be my last approved extension. It’s all because of the lender I h...