Do you include a cover letter when you submit an offer to a bank for a REO? I have my Realtor telling me an emphatic no, and my friend/coach who is a pure investor says a cover letter detailing why we arrived at the ...

I know this is a silly question, but I can't seem to find the answer. When getting a conventional loan, is it possible to go above the max LTV to include the closing costs?Example: The property is valued at $200k and ...

Hey guys, this year I've set a goal to pick up 5 rentals for starters in the Philadelphia area. I'm totally new at this and would like some expert insight on the steps to doing so with little to no money. I sort of ha...

I have put together a list of 15 smaller banks in my area (Kern County, CA) that I think could be portfolio lenders. My plan is to work my way through the list and try to find a bank that is a good fit for me. If anyo...

Hello all. I'm hoping to get some good financing advice on how much and how many mortgages the banks will provide me.  I've been told that I can get four Freddie Mac loans at low interest rates. After this, I'm assumi...

We started savings accounts for our boys pretty early on and our 13 year old has a decent amount saved but it's making pennies.. I wanted to help/show him a better way of investing; Real Estate.  Since he's a minor, w...

Hello BP Family.I have one year old LLC and my company made less then 10K in 2016. I really need to obtain finance to make another purchase. When I ask my bank about business loan they advised to be more specific: "A ...

Can anyone tell me if this is accurate and or common?"When your loan has been approved and your information is taken to the bank for the transfer, you will be responsible for paying the Attorney Bank Documentation ...

Would it be a waste of time looking for a bank loan if you have 30, 60, 90 day delinquency that is now "CHARGED OFF" even with a good credit scores and high income? Any advice on lenders or banks who would overlook th...

I met with a commercial lender to see if I could put together a line of credit collateralized by the properties I already have.  He said he could do it, but I would be refinancing my cheap 30yr mortgages into shorter ...