All Forum Posts by: Spenser Finnestad

 Hello Lynn, 

The seller ended up giving more seller credit to pay for the rate lock extension. I appreciate the out reach and valued your input on my situation. Thank you!

 Caleb,

I appreciate the feedback. I know the smart move here is to close with the property vacant and will be going forward with that plan and redoing the mortgage process again with my lender for that new closing date.

Thank you Carl, for your input on this and this only reassures me of my original plan on this matter. I was fine closing on a day after the tenants leave as you said "Don't take on someone else's problem" I fully agree with this and will not close with tenants in this house. 

Hello All,

I'm currently buying a home and at the home stretch. This is my first property and would love to hear some feedback on this.

The facts/situation:

- Original closing date early June.

- Tenants were given 30 day notice on May 20th.

- Tenants want to stay till the 30th, landlord/seller trying to convince them to move out the 20th. My current apartment lease is up on the 24th. 

- The proposed closing dates will be 22nd or July 2nd.

- I go to military training on the 7th.

I have a good lock on my interest rate and afraid of doing the mortgage application over again due to a slight decrease in my current job pay but will be going up again in a few months and I'll also be house hacking once I own and solely live in the house. I would use the time with current tenants to get contractors in and give me estimates on future projects I have planned for the place, then execute them once tenants move out.

If there is a good contract on the tenants moving out either June 20th or July 2nd with the prior landlord, would you go forward with the June 5th closing date or move it to a different date after the current tenants leave?

Hello all, I'm looking at getting into real estate investing for long term and applying the BRRRR method.

Potentially looking at living in my first property for a year as this would be $300 - $400 less in current rent, while I fix it then rent it out after that year. I would be looking at using the VA home loan as this is why I would be looking at living in the place for a year. I would also have potential of investing in a few more properties if the right ones comes along while I live in the property.

Any advice or would like to meet for coffee and talk about the Reno, NV market. Anything will be appreciated.