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Hi, my wife and I will soon be looking to get preapproved to buy a home. We just recently moved to a new state and don't have two years employment history here. I am looking for information on employment verification ...
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I am trying to buy a property where owner passed away, I spoke to the next of kin and they don't want the house. There is a mortgage on house. It's been 2 years now since owner passed away so I would have assumed bank...
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I need help figuring out how to determine the basis for a rental property. I purchased and lived in the property for a number of years and did a lot of renovations. I also built a garage apartment that I am now rent...
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Our goal is do multiple properties at one time using the BRRRR strategy. HOWEVER we have noticed that banks will not allow us to include the rental income as income when refinancing unless there is a two year history....
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So over two years ago me and my wife decided to buy a house in Idaho. Found a house, made an offer but my credit didn’t show up so wasn’t able to get the lone in time when we needed it. My Dad stepped in and bought th...
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Good evening BP! I was wondering if anyone out there could give me an idea as to how much the income from a property can play a part in qualifying for a higher loan? My situation is when I buy the property (residentia...
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Hi, BP!I am a beginner investor in the Denver area. I have been working with my agent exclusively for about two years now and I am about to close on my 4th property in a few weeks. She's told me that I was her "best" ...
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Hi all,I am in contract with my first investment property, which is a duplex in Garfield Heights, Ohio. I have just received the current leases and the lease terms are different from what was stated prior to contract....
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Hi all!This is my first real post on BP and I'd like to get feedback and thoughts on my 2016 goals.About me: early 30's, just started a new (ok paying job), new to real estate investing but have five years of experien...
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Upon my research of the FHA loan and the house hacking strategy, I know one of the perquisites for getting approved and not committing fraud is to live in the residence for at least a year. However, I have found trail...