All Forum Posts by: Jessica Esquibel

@Mohammed Rahman Just called the bank. So helpful! Thank you!!!!  They usually don't look at agi.

When claiming deductions and depreciation on my income tax return my adjusted gross income is decreased which reduces the amount in taxes I owe.  I am wondering if this reduction in agi will effect my ability to refinance and pull out equity on my property?  Thanks for the help!

Hi, I'm remodeling my first deal that I'm planning to use for short term rentals. What do you recommend for flooring and countertops?  I'm planning to do a cash out refi/heloc after remodeling so roi is a factor. Thanks in advance for all the awesome advise! Jess

I am in the process of purchasing my first deal.  We were supposed to close yesterday, Thursday, at 12:30PM but something came up with my credit last Friday that took until this Tuesday to clear up.  We are now scheduled to close next Friday, one week and one day after original closing date. Sellers agent is now asking that I offer $500 compensation to Seller for this inconvenience and added costs.  They are saying they will now need a mobile notary, there are holding costs and seller surrendered two days of work.  Mind you seller hired her moving crew for yesterday (closing day) and emailed a cleanup question to my agent yesterday at 1PM.  I feel like she was not technically out of the house and ready to close on time so I should not be financially responsible for the delay...  Please share your thoughts and experience with closing delays :)  Thanks!

I just got my inspection report back for my first deal and I'm not sure which items to ask seller to address.  Please advise.

1. Furnace air filter clean/replace.

2. CB main panel unlabeled.

3. Exposed wiring.

4. Hardboard siding damage.

5. Cracked/spalling exterior stucco.

6. Closet doors missing.

7. Closet door damage(hole).

8. Kitchen sink hot and cold revered. 

9. Loose receptacle out of wall and junction box inside cabinet above stove.

10. Stove controls worn, not readable.

11. Stove missing element.

12. Laundry cold water fixture handle broken.

13. Ungrounded 3 prong receptacle.

14. Wiring at multiple receptacles loose.

15.  Water heater beyond service life(15 years old).

Any help/insight would be greatly appreciated :)  

Thanks Michael!  So paint the subfloor with the oil based kilz? 

I'm going to be renovating a home that had 5 dogs.  There is a strong urine odor in a couple of the rooms and also in the back yard.  I'm planning to remove carpet inside and replace with laminate or LVP.  What should I do to get rid of the odor from the yard and in the home??? Thanks for the help :)

I am looking for some info and or advice please.  I am working on my first deal and am having some trouble getting it financed.  It is an on market 3 unit that I plan on house hacking and requires a conventional loan.  I am not able to cover the typical 20% down for conventional but I'm seeing some info online about a Home Possible program in which only 5% down is needed and I meet the income guidelines for it.  My lender says I need 20% either way and my agent doesn't know any lenders doing Home Possible right now.  Does anyone know about how this program works and if it's available now?  Also any alternative financing ideas I can use?  Thank you so much for your help!  jess

I am trying to work out how to use the Home Possible program to finance a 3 unit that I would occupy.  Are there credit score restrictions? I am currently just under 680.  Conventional is the only loan option and my lender is telling me that I need 20% down even with Home Possible.  Am I missing something?  Thanks for the help!