All Forum Posts by: Jason D.

@Andre Kepler if they are month to month, you can give notice to one. You have 60 days, per fannie mae, to occupy the property. If they are on long term leases, cash for keys could get one out, butbits risky if they dont want to leave.

@Huy Thai the homestead disappears when the title is changed to your name. You pay full taxes from the day you buy it.

@Paul Day always check for liens as well. Just because the property is $1, doesnt mean there arent thousands, or tens of thousands of dollars in liens attached to the property.

@Erika Caba 1st question... because not all lenders hold taxed and insurance in escrow. And from an accounting perspective, although they are paid together, they are separate expenses.

2nd question... depends on the lender, the property type, and the mortgage type. Large, conventional lender for a single family rental will probably look at your income. Smaller commercial lenders or getting a loan on a large apartment building will focus more, or solely, on the property itself.

@David Smith live in it for 2 years, or rent it for a year then sell. Otherwise, you have to pay the piper

@John P Pirolli tell her to trust you..... if that doesnt work, you're in trouble

@Keith A. Depending on factors like credit and experience, you'll be looking at 5% - 8% rates. There are plenty of commercial and portfolio lender that will do this for you.

@Sunjae Bae sounds like it rules out a room by room rental, unless you are renting to family. Its put in to prevent exactly what you're trying to do

@Chiyane Peterson it's hard everywhere.... wholesaling is the hardest thing to do in real estate.

@David Fischer hard money is generally not a low money down option. Most are at least 10% down plus closing costs and money for rehab