When you're looking to buy a place, agents typically won't show you homes without a lending pre-approval (or proof of cash funds). In some cases, as an experienced investor, you're kind of looking but being patient un...
Hi BP,Im curious to ask all you real investors out there:After you made your decision to buy a home, do you first search for the deal, or get a pre-approval letter from a lender?
Hi, I am new to biggerpockets and to real estate investing. I tried to make an offer on a house and the real estate agent said I needed to get a pre-approved letter from a lender to even be able to put an offer in. Be...
Our offer on a home was accepted. The next day, we asked the lender who issued our pre approval letter to match another rate we found. We received this email in response:
“I pass. We need to have started this mornin...
I have a realtor that sends me listing about every other day, i working on building my credit and my capital at the moment. In the meantime I’m using a lot of my time reading books, listening to BP podcasts, and analy...
Hey guys, im fairly new and was wondering if theres a way for me to get a POF for my offers without having the actual cash at hand. I've heard others mention bank pre-approvals,is that a option? I have 764 credit,good...
I am interested in submitting an offer on an investment property that went into multiple offers with a deadline of 3pm tomorrow. I want to provide a proof of funds letter so I was going to go with hard money, but the ...
First, I apologize as I am sure this has been posted thousands of times. I did attempt the search function, but could not figure out how to just search the Washington Forum.I reside in Socal and was just getting ready...
I'm having issues getting property under contract.
Agent/seller wants a pre-approval of funds first.
I can't get a pre-approval for every property or is that the way it works
Thanks
Hi BPers...I'm an investor in South Florida and looking to utilize an FHA loan to purchase a fourplex. There are a lot cash buyers in this market and obviously cash is king, so please provide any advice on competing f...