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Wondering if fellow investors have run into this situation. Our current prospective buyers are using Bank of America which is giving the appraiser and our real estate agent a hard time. The BofA underwriter says that ...
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I'm watching a few auctions in NY right now and this disclosure caught my eye. What is a household member? is that a person that owns stock or is it a person that has a bank account? I'm stumped. Bank of America, N.A...
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Hello BP,
I have been a very active private money lender since 2014. I have a single member LLC (me as the sole member) that lends only to real estate investors. That is I do not lend to owner occupants. I only le...
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Hello! I am rehabbing a home in TN and am looking for a lender with no seasoning period. Would like to start the cash out refinance process around month two of owning the home. Any you have used that will do 75% LTV o...
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Listed price is NONE. I've personally never seen that before so I want to make an offer to see how the bank responds. What would you guys offer with the numbers below?
- 6 units, 2/1 each unit
- built in 1985
- Jus...
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Hi all, I wanted to get a HELOC on my rental and wanted to get some recommendations for banks to use. The rental is in the Portland, OR metro area but I live in the Austin, TX metro now. Should I get a local lender in...
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I know a friend of the family that inherited his mother's house after her passing away and now, years later, he is on the verge of losing the house due to defaulting on property tax. No tax lien has been placed on th...
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So, I've getting my feet wet in understanding where funds can come from for deals when you yourself have very little liquidity. I went to my local bank and they informed me that they do standard 75% of property Value ...
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When responding to a counter-offer from a bank, what is the best response?
1) inch up the price by $500 or $1000... or even $1500.
2) respond with the same price firm
3) "Serious" counter offer, i.e. 5-10k more.
If i...
I have been looking at a property that has been vacant for several years, and a couple of years ago skipped traced, family, called and emailed with no avail, property taxes have been current for the last several years...