Kristine Eickman
If you deny borrower...
This question is for private lenders/HML. If a buyer uses your POF to enter a contract and you then decide you are not going through with the deal...how does the borrower know that. With a typical bank you would get a...
Andrew McGuire
Top 5 Things I learned since buying on Creative Finance
Last year when my family purchased our new primary residence it was a struggle to go through the lending process and just barely were able to qualify. I thought this was a little crazy because yes I quit my W2 job jus...
Drew Shofner
Owner financing my mobile home. Yes or No?
Good evening BP. I have invested in a mobile home in the Zellwood Station 55+ community and it is going to be placed on the market any day now. I understand it is hard to get conventional financing on a mobile home, ...
S. Aaron Scholl
Does property ownership qualify as "equivalent experience" for broker's license?
I'm interested in starting a property management company in CA to manage. I'm weighing the options of hiring an operator with a broker's license vs. getting my own broker's license. I do not currently have a RE Agent...
Neil Whitney
Bad Credit Applicant
Hello everyone, I have received a application from a tenant who has bad credit. 574 scoreShe makes extremely good money, 8k per month offshore. Should I make her give a larger deposit?have a cosigner?move on and find ...
Stephanie W.
Mobile Home Park Investor Rules Clarification
If a MHP has rules agains investors buying homes and renting them out, would the same rule apply if the investor bought a home in the park then put a lease option or rent to own contract on it with a new buyer?
Charles Jessup
Potential tenant wants to buy the house. What are my options?
Hi Biggerpockets community,I'm trying to rent out my house (Houston area) for the first time, and I had a potential tenant contact me who's moving in from out of town and wants to rent before buying a house soon, mayb...
Lawrence Harris
Finance Degree for investing in real estate?
Hi all,
New member here from the Metro Detroit area! I’m currently working as an engineer but was thinking about going back to school for a masters degree in finance. I know it’s not necessary, but could it actually ...
Genus Powell
Seller financing. How do the pros qualify owners for seller financing
Hey Biggerpockets,
I'm currently targeting FSBO properties seeking owners interested in financing their own properties. Based on the majority of my feedback asking sellers is he/she is in...
Thomas Sulz
Interest on a Promissory Note?
Hi All,I am looking to fund some RE investments via private financing and had some general questions I was hoping the community could give me some feedback on.Obviously, the terms around a private loan could be struct...