Verifying last 2 years of rental history very important!

They follow a straightforward process that has proven successful throughout history: increase earnings, reduce expenses, save as much as you can, invest as much as you can, and wait patiently. 

Verifying last 2 years of rental history very important!

Unfortunately the additional fee disproportionately impacts smaller projects (I recently paid the same acceleration fee for  $600,000 SF renovation as I just did for a $2.5M school building conversion). 

For example, if your property is a SFR and your target buyer is a family with younger children then you'll see more movement in the months where school is out so that the children wouldn't be changing districts mid-year (not that this doesn't happen though).

We’re thinking it could be seasonality, especially since our place is ideal for families and perhaps most families have done their moving for the year before school starts.

We are here to answer all your questions on the how, why and the history of Cost Segregation Studies.

Some lenders are going to want 2-6 months of lease history before lending, others can lend with just a market-rent estimate, others don't even need to show positive cashflow.Ultimately every borrower is unique, every property is unique, and therefore every transaction is unique.

- It's after Labor Day when all kids are back in school and as a result, the market has slowed. - It'll slow even more after Halloween.- It may be cheaper to see if you can negotiate a reasonable extension fee with your HM lender and continue to try to sell.DM us if you'd like to chat more...

@Cherilyn Williams Welcome to the school of hard knocks!