Juan De La Fuente
Fannie Mae
Question: Does anyone know if a broker who is approved by Fannie Mae has to accept multiple offers or just decline offers once he receives one he likes?
Matthew J. T.
Putting Earnest Money
When having the seller sign the contract, I understand that you can put 10$ on it to secure the contract, but if seller asks you why you are putting in so little what do you them? Don't they want to know that you are ...
David L.
First Timer - Submitted Highest & Best - How Did I Do?
I've been lurking, and listening to the podcast, for a while now and finally feel like I have something to post about. We are looking to buy-and-hold for passive income, more so than flip for quick returns.
...
Damon Vaughan
Rocket Mortgage vs. PennyMac
I'm currently in discussion with two lenders to secure a conventional mortgage for a SFH rental property. I have experience with PennyMac, and they are currently offering the better loan estimate. However, Rocket Mort...
Kyle B.
MLS Competition
Thought I would share an anecdote of a situation I just went through that coincides with everyone's sentiment that REO properties listed on the MLS are super competitive right now.
A home covered in mold was listed a...
Quintessa Haynes
NEED ADVISE!!! PLEASE HELP!!
I want to put offers on about 20 properties that have been on the MLS for more than 365 days. The offers I want to put in are about $15k - $25k lower than the asking price. My real problem is that I don't have a POF t...
Michael Lane
Bank foreclosed multifamily
Attempted offer on 54 Unit Multifamily that bank foreclosed on in 2017. Problem is they refuse any negotiation on property off their asking price. Property in rural southwest virginia but is near law school and pharm...
Rob Rogers
HELOCs on Investment Properties
I have been looking for banks/credit unions that offer HELOCs on investment properties. I've reached out to the following:
1. Wells Fargo. Only offers 60% LTV.
2. PenFed. Only available if you own three propert...
Teri M.
Listing Agent vs. Buyers Agent; Which is better re: Hud Homes?
Good Afternoon, newbie question here. Is it better to have a buyers agent when making offers on properties listed on the hudhomestore or should you go with the listing agent? I hope my question is clear here..I'm unsu...
Carlos Rodriguez
Ernest Money
Hi guys i have a question about Ernest money? My realtor send me MLS listings for distress properties some are active others are reo properties. So i wanna make offers but i'm not sure if for every offer i put in i ne...