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27 May 2024 | 14 replies
Chicago landlords be sure to raise your rents in 2024 spring season.
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26 May 2024 | 0 replies
Refinanced after seasoning period with forced appreciation as well as more favorable comps once we arrived in the spring home buying season vs winter selling (when purchased) How did you add value to the deal?
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27 May 2024 | 11 replies
Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.
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29 May 2024 | 27 replies
They left me hanging during tax season and I had to find a tax prep company days before tax filing deadline.
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26 May 2024 | 2 replies
We're seasoned pre-probate investors in Arizona.
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25 May 2024 | 2 replies
Often a seasoned mortgage professional or broker will know where to take the borrower profile at the right time.
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27 May 2024 | 23 replies
I have bought several properties before using conventional financing and usually a transfer of $25,000 would have to season in my account for 2 months.Is this requirement still in effect for cash offer buying.
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27 May 2024 | 22 replies
I have been looking at buying vacant land that my family and I could use as an outdoor/ rural getaway with the goal of building on that land in 5 years and make it a seasonal residence (vacation home).
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25 May 2024 | 13 replies
If my partner wasn’t so risk adverse and opposed to moving I would buy a new property and house hack it every 14 months or so when the seasoning period on the previous 3.5% down payment loan was up.
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24 May 2024 | 6 replies
As a short-term rental, it would make $4,000 a month during the "season" (five months in the winter) and about $2,500–$3,000 in the non-season (the rest of the year).