Shaun Palmer
How many offers do you make to get one deal?
Fellow BPer's,
I am curious how many offers are typically made on one property before you actually receive a signed deal. This number varies with the more and more people that I speak with and I am curious what most...
Debbie C.
Difficulty of obtaining Cash Out Refinance for Retired couple?
How difficult is it to obtain a cash-out refinance on a property for someone who is retired? My husband and I only have rental income (around $11k/month) and do not work. But we were hoping to do a cash out refinance...
Timothy Salmons
Need help with comps and information
Hello everyone, my team and I are investors and my main job is comping property. I recently ran the numbers on a property and came out as a good deal. However when I double checked everything before sending a contract...
Tom Endlein
Right of Redemption
Hi there!! I am looking to further my understanding on right of redemption for bank foreclosures in Michigan. Does anyone recommend or know of a book or resource that would help me better understand the topic?
Brett Lee
Fed cuts rates to near zero... What will that mean?
Last week I shopped refi rates on non owner occupied investment mortgage. After some searching I was able to get rate of 3.625%. However I did not lock it and rates have since increased. Today I see fed will cut ra...
William Alonso
2 Bedroom Rents in Franklinton ?
If anyone owns a 2 bedroom unit in Franklinton I'd appreciate a little feedback please.
The main question I'm trying to answer is can I pencil in a minimum of $900 in rent for an updated 2 bed in Franklinton if I pur...
Michael Gee
Wholesaling in a hot market
Hi everyone,
I have a general newbie question about wholesaling or finding deals in a hot market. I know that the general (ARV x .70 less repairs) formula doesn't necessarily work in a hot selling market like Denver...
Account Closed
Business purpose loan becomes consumer loan
If I lend to a rehabber's LLC for the purpose of a fix and flip, this is truly a business purpose loan, at that point. What if the rehabber after the rehab sells subject-to my existing loan to a owner occupant, do...
Donald Torrence
Lending, Brokerage, Loan Officer
Question to all of the lenders out hear. How many lender have the experience to do a purchase refinance? I had a lender that could held them but he has passed. I have yet to find a lender that know how to complete th...
Suzie Wheeler
My Credit
Should I clean up my credit before I even think about being a real estate investor?