My mother in law is looking for a home for rent and somehow came across someone renting a 3/2 home.We went and saw it and the man (not the owner) he says he’s the broker.. very quickly wanted us to do the approval app...
Does anyone have any idea on how they’re getting around debt to income ratios restrictions when they’re ready to acquire their 7th or 8 th property? I’ve thought about transferring the loans in my wife’s name so I cou...
EQUIFAX SUFFERS MASSIVE SECURITY BREACH Equifax, one of three nationwide credit-reporting companies that track and rates the financial history of U.S. consumers, says a giant cybersecurity breach compromised the pers...
I was presented with and investing opportunity called Reverse Close through a transaction engineer at on of the local REI meetup. From my understanding the process involve person A with good credit borrowing from the ...
Hello BP's!So, I came across a member of the BP community that answered to a proposition of a deal that I posted on the MP but resulted to be a total SCAM. I found that out by searching for posts about his lending com...
Man oh man, where to start. Dirty laundry headed your way...Over a year ago I attempted to refi one of my properties that had significant equity in order to finally purchase a place of my own. My lender got back to my...
This is a new one to us. We just rented a new to us house. The person filled out the application and I ran a full background check on them. Credit and employment history came back positive. I called the listed previou...
Someone brought some language used by lenders to my attention. I hadn't noticed it before, but now that I look back, I see it in a couple of my approvals. I know a lot of investors use the Trust Method of flipping, de...
I am collecting all my materials up for applying for my first FHA loan, ( only second loan period for that matter and first of greater than $9k) And he is requesting 2 months of bank statements. Which is fine. But mu...
So, I'm reviewing/updating my processes in relation to background checks, applicants, maintained records in a secure manner, etc. I've come across conflicting information between the FTC and what I'd learned in the pa...