Alex Nelson
Should i disclose rates of competing lenders when shopping around
Hi Guys,I just got under contract for my first duplex and am exploring my loan options. I've decided to go with a 15% down conventional loan. I'm shopping for rates and one lender has offered me a 4.5% interest loan. ...
Salma M.
Confused about seller's concession
So I finally found a property I want to invest in. I made an offer of USD 600k purchase price+20k seller concession. I am preapproved specifically for this. The seller is not happy about the seller concession. I don't...
Account Closed
Making a Cash offer (Question about episode 221 with Tim Shiner)
Hey all, Just wanted to ask a quick question that I had while listening to to most recent BP episode!The guest mentioned that when he makes an offer on a property he is much more successful making a cash offer over t...
Tyson Hartley
House hacking with FHA
I recently read an article that stated FHA would allow possible rents as part of loan consideration. I was told by a loan officer that this is not the case.Does anyone have any knowledge of this? Has anyone use an FHA...
Mike D.
first time buyer - closing costs
I am looking into purchasing my first property, an owner occupied duplex. I got pre-approved with Wells Fargo and I was given this "Approximate Loan Cost Illustration". Being my first purchase, I don't have anything ...
Edwin Revolorio
How to get a Personal Real Estate Agent in California
Hello, I've been helping my parents look for new property, since they want to move out, they currently live on a duplex and plan to move to a new place and use their current property as a rental, as I'm helping them l...
Luis Lopez
Mortgage company taking forever on preapproval
Hello everyone,My partner and I have been trying to secure a preapproval with Wells Fargo for months now and would appreciate some input on if we should move on to another bank or look elsewhere. Here’s the timeline a...
Colin White
Is it Possible to Receive a FHA Loan as a Recent College Graduate?
Hey everyone,
I am 22 and recently graduated from college this past spring and have been working in my post-grad position for about six months.
This year I am looking to purchase my first property with an FHA loan,...
Joel Florek
Broker Putting Up Roadblocks.... HELP!
BP Nation Hello! I currently own a portfolio of 20 apartments(4 unit and 16 unit) with an appraised value of $910k. These are located in the Upper Peninsula of Michigan. I moved south to Indiana and am looking at buyi...
Shannon K.
What is The 2-Day Rule??
Hi everyone. I went to look at a house today with my realtor and he regularly works with investors. He knows I'm planning on using a hard money loan for the funds (in combination with some of my own). I have a pre-app...