What I am about to say might not be a surprise to more experienced investors, but being so new to real estate I was very disappointed when my loan request got rejected by my local credit union. I hope some people can ...
We are in contract for a single family investment property (vacation rental). This is our 4th VR investment property, will be our 3rd mortgage. We have been pre-approved by one bank (which is no guarantee of a loan we...
Hello BPers,I submitted an offer for a house in OH. The house will be in sheriff sale on March 2016. The appraisal price is $390000. The house is on the market as short sale for almost a year with reducing the price s...
Hi all - I’m starting up a lending business, all was going fairly well until I was told by all the banks in my area that they “are unable to establish a bank account for anything that is financially related.” Have al...
Investment Info:
Other commercial investment investment.
Purchase price: $450,000
Cash invested: $450,000
Sale price: $730,000
100 unit self storage facility
What made you interested in ...
hey guys and gals,
I have a question regarding a wholesaling situation I may partake in.
I found a family that was looking for a property in a specific area with a specific number of beds and baths (we...
I was wondering if it was possible to buy mobile homes in various parks by paying unpaid lot rent ? Also could I treat this similar to purchasing a tax not and eventually repossess the property ?
Does anyone have any ideas about how to handle a lender that says they won't accept a short sale offer in the name of an S-Corp?
They say that they will accept offers made by individuals or LLCs.
Thanks,
Gabe
Hello: I have a 500k proof of funds letter from a lending company based in Cleveland. I went to submit an offer and the Agent says that she cannot accept my offer because the funds aren't in a bank account in my name...
Hello everyone,I am dealing with quite a frustrating situation right now that I was hoping to get some insight on. I am trying to do a cash out refi on a rental I purchased all cash, was told I was clear to close, an...