All Forum Posts by: Fermin G.

thanks to all for your input.

Thanks

we will be going form being employed by someone else to being self employed through the S Corp, will banks have issue with that?

Good afternoon, if we form an S Corp and start paying ourselves a salary out of the S Corp will that be satisfactory for the banks when they want to see consistent pay stubs and W2's. Will the formation of an S Corp be beneficial?

Good afternoon,

Bought a rehab all cash, almost done with improvements. How long do I have to wait before I can take out a mortgage on the house?
Thanks

Good afternoon,

Anybody know where I can spreadhseets for real estate investment opportunity funds with financial modeling for fund managers and investors?

Hello all,

How many mortgages can you now have with Fannie/Freddie at one time?

John H

I agree, but who do you think has more right to the money?

Yes

thanks for the response, the problem is they want me to sign a new P&S with another mortgage contingency financing for another week. Their mortgage broker did not mention to anyone that we had to wait 90 days before seling. Neither me (the seller) or the buyer knew about the 90 day rule.

It has already been 7 weeks and now they want another week of mortgage contingency

Okay here is the deal,

I have a P&S signed with buyers for a house I bought in January and listed on forst day and went under agreement first day of listing mid april. I was supposed to close with the buyers this past Friday. On Thursday there mortgage broker called my real estate broker up to tell him that we had to wait 90 days form the time I purchased to the time the buyers sign a P&S under FHA guidleines.

There mortgage financing contingency ended weeks ago.

WHO HAS THE RIGHT TO THE DEPOSIT? Me (the seller) or the buyers?

Please advise

Thanks