All Forum Posts by: Jessica Freesia

Thank you, Kelly!

Good morning!  What kinds of features should I look for in a business checking and savings account as a RE investor and landlord?  Do you have a favorite bank in town, and if so, why?  Thank you

Matt, I started to listen to the latest podcast with Ms. Han but I'm a little ashamed to admit my eyes glazed over and not sure I understood it all.  I didn't know there was an earlier podcast with her.  I'll go look it up.  Thanks! 

Thank you, guys!  I saw the Tax Savvy book on BP, but wondered how much has changed with the new tax laws this year?  Is that book still relevant?  (Sorry to the authors for the question, I'm sure it's a fine book!)

Ashish, when you say "loss," maybe that is a tax word I don't understand. I'm hoping not to lose any money with real estate investing!  

Hi,

I need to get a high-level understanding of how investing in RE is going to affect my tax situation.  Any suggestions for where to go for a primer, either online or books?  I currently do not have any W2 work, but my husband is 100% W2.  I'm looking primarily at buy and hold for now.  Thanks!

Thank you for the information, @Harjeet Bhatti Can you tell me WHY there is a waiting period when going from HML to conventional?

Follow up question: is the industry standard 12 months seasoning, with 6 month seasoning available but harder to find?  How would I find out which banks have 6 or 12 month seasoning requirements?

Hi all, 

I understand why you can't get traditional financing on a house that is in disrepair.  But let's say I use hard money to buy and rehab a property, with the intention of refinancing with traditional financing after a tenant is in place.  Is there a 6 month or 12 month seasoning requirement for this?  And if so, why?  To the bank I am refinancing with, I've just showed up with a property in excellent condition, so I am not sure why I would have to wait 6 months or 12 months to refi.  What am I missing?  

Thanks  

Hi Jewel,

How's your search going? I'm also looking to get into investing on the North side of town with possibly a duplex. Have you found any suburbs that look good for deals? I'm seeing a lot on MLS from Lawrenceville, but nothing so compelling to make me go over there to explore yet.

Hi Ashley,

I'm right near you, and I'm looking for my first property to purchase soon, probably from a wholesaler.  I want to hopefully get my first deal near home before branching out.  So let's keep in touch.  I am a creative type as well.  I had to reach out and say hi.  Good luck on your endeavors!