Jacqueline Mann
I want to see the bank's appraisal and write them a buyer letter
I'd like to make an offer on an REO. It will be a major rehab. Comps are $175K. I estimate repairs at $42000. My formulas tell me to offer $79000-82000. The bank is asking $125K. I'm concerned that the bank will not ...
Mark Kudlach jr.
Refinanced was closing costs too high?
Hey BP,
Just refinanced my home. Bought for 252k in 2010.
Haven't really paid extra payments other than a few payments towards principal.Have the original loan down to about 220k. Appraisal came back at 295k.Original...
Andrew Hongo
Question on proprietary lease for prospective property
First-time apartment buyer in Brooklyn here. I don't know much about proprietary leases but apparently it's an issue for a co-op I'm thinking about making an offer on.I'm getting a mortgage through my bank, and when I...
Corey Robinson
Primary home interference with new primary loan
Wife owns primary home now, selling 11/30. New loan will be in my name, to close 12/1. During processing wifes primary counts as mine. This creates an issue for me getting a primary. Any help to get around this will b...
Steven J.
Line of Credit on something you have under contract.
I've been having a discussion with another @David Battle about tax delinquent lists and land investing using the strategy of @Seth Williams. I was curious, say I get a piece of land under contract for 30 cents on the ...
Jonathan Tavarez
Mortgage insurance on rental
Hi, I recently decided to refinance my primary residence in an effort to lower the mortgage payment to then rent it out and in this way increase my cashflow from it. I was working with a loan breaker and when the loa...
Need flexible funding for your deals? Private money could be the answer. Whether you’re looking to dodge the bank or want greater control over the terms of your deal, that’s exactly what this creative finance option c...
Brandon Bell
Help with Family Loan to Purchase Real Estate
We found a house we want to purchase. My parents want to help us pay for it and we pay them back on interest. What is the simplest way to do this? Any resources who can help us structure this (other than https://www.n...
Sara OBrien
Creative Financing Question
Okay so I have a question about creative financing. Loans from a bank are about 8.2% for single family homes. There is a property listed in a great up and coming area for $298,000--3 bed, 1 bath. I believe the seller ...
