David Marino
First Time Loan and Eventual Refinancing
Good Evening all.Been a little while since I posted last with a question in the "starting out" section. Since then I have been trying to do my research so when I do start I make a smart decision on my first property....
Paul Winka
"tenant in the house" so you can't see the house, Mr Wholesaler..
Tenants are additional barrier to viewing the property before making the offer. The potential seller "doesn't want to disturb the tenants" when I ask if I can have a look. I'd say I have failed as a wholesaler to find...
Jan B.
A Sale Gone Bad. What Can I Do?
The day before the closing date (May 30th) I was told that the buyer's financing could not be approved for the FHA loan due to a judgement on his credit. I am now being told by my realtor that I can not sell the ho...
Account Closed
I got pre-approved for a loan today!
I talked to a mortgage lender in my area, and after a few minutes of talking he was clearly excited about my situation! This got me really excited too, and he told me that I am formally pre-approved for a loan! I am t...
Brandon G.
Freddie Mac: Gift to my wife is not a Gift
I'll try to sum this up with an effort to be succinct. Local bank gave us a 30 yr fixed rate through Freddie Mac on our first duplex. The duplex and loan will be in her name only. We're going to be using a small pa...
Account Closed
Obtaining an FHA loan
I am a Junior in college, and because of that, I don't meet the requirements for an FHA loan. I am hoping my parents will cosign for me. A big thing that would hurt my chances of pre-approval is that I am currently u...
Rob Javins
Which comes first, the property or the funding?
I'm sure this has been asked before and I apologize for the newbie question. How do I get a realtor to talk to me if I see an ad in the MLS I am interested in to buy as an investment if I don't have funding arranged. ...
Bhairavi Patel
Help a Renter Whom Wants to Own
Hi all, I have a colleague/friend in Jacksonville, FL and her landlord is offering her to buy the house she is currently renting from him. Problem is that she has some dings in her credit and she doesn't think that sh...
Jacob Flores
Lenders for House Hacking: Local or Big Banks?
Hello everyone,I am in the early stages of house hacking a small multi-family property, most likely a duplex or triplex. I wanted to ask what or who you would recommend as the first lender. I plan on investing in Ariz...
Kwesi S.
Asking seller for Schedule E
Hello BP World,
So I am in the process of purchasing my first investment property that will be owner occupied. It is a mixed use property. It has 2 units and also has a store front.
My realtor (I should mention th...