Ryan Cleary
Helping out with a buyers transaction in Philadelphia
I have family that is moving to Philadelphia and purchasing their first house. They are both architects, they have good credit, they are solid buyers.
They are in contract to purchase a home for $395k (asking $409k)...
Russell John Walsh
Debt to Income Ratio for applicant.
Hello,
Applicant has 75K professional income and Installment debt over nearly 400K. I am assuming this is mostly Student loans and possibly a car. I wish there was more info on the Credit report. Revolving debt of o...
Kyle Williams-johnson
Determining ARV
A wholesaler came to me with a great deal from what the numbers say. I have 15 comps, but still have trouble determining the best possible after repair value. Someone please help.
Felix Sharpe
Standard 203k on a Historic Mansion
Hi BP,My wife and I were house hunting/driving for dollars when we came across a boarded up mansion (I think...what size qualifies as mansion anyway?) in our community. The property is 4,300 sqaure feet, not including...
Darnell Kramer
5 day flip !!!!
I am so mortified.I saw this show on HGTV. Yeah, I watch it when out of town. I am so horrified and all I can think is that I appreciate reading: http://www.biggerpockets.com/renewsblog/2015/04/20...Please... provid...
Troy Durrette
Wholesaling to conventional buyer?
I have property under contract, but my end buyer is a conventional buy and was told by lender it's not possible to pull this off due to name on title, being sold from a Wholesalers does not work. MUST come property ow...
Nylvin Carter
80/20 loan
What could the bank possibly do when you are delinquent about a year on your 20%and active on your 80% mortage, the 80% was sold to another mortage company and they kept the delinquent 20%Nylvin
David Pupo
Direct Mail Campaign 1st Wave Completed!
After hours of networking, months of reading, and months of raising capital.... We were able to launch our first wave of letters to Absentee! Our list is 1200 total and sending out 250 "handwritten" postcards every 2...
John Hamilton
Finding tenants for a new investment property
I am currently under contract in North Carolina for an investment property I bought strictly to rent out. Can I list the property for rent while under contract with an "available" date listed for next month? Or What o...
Don Ellestad
FHA for student housing
So do banks do FHA loans on student housing properties? If it's technically a duplex but there are 4 beds and 4 baths in each making it possible to rent each of the bedrooms out. I would live in one of the bedrooms.