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25 June 2024 | 11 replies
Lots of people complain about the "timeline" risk.Start looking for a replacement property during the marketing process of the property that you are selling.The 45 day ID period only starts on the day you sell your relinquished property.
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25 June 2024 | 6 replies
Then I will refinance the mortgage that LLC 2 has andpay LLC1I hope this provides a better option as I have beencalling around and the banks are telling me that if I use my own money I willhave a 6month to one-year seasoning period.
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25 June 2024 | 10 replies
Once the property is rehabbed, you can refinance into a DSCR loan with no seasoning requirements.I'll let some of the traditional mortgage brokers chime in, but traditional financing might require a 12-month waiting period to pull your cash back out.
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25 June 2024 | 6 replies
Rate lock: If you've already locked in your interest rate with the lender, it typically remains fixed for a certain period (often 30-60 days), regardless of market fluctuations.
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25 June 2024 | 1 reply
Depreciation: For investment properties, you can depreciate the property over a set period, reducing your taxable income.5. 1031 Exchanges: This allows you to defer capital gains tax by reinvesting the proceeds from a sale into a similar property.Feel free to ask any questions or share your own experiences!
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25 June 2024 | 18 replies
I am wondering is there any hard money lenders that can provide 100% financing on investment property and also provide rehab loan for short time period?.
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25 June 2024 | 1 reply
They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.
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25 June 2024 | 3 replies
I don't want to go through this process only to be denied 30 days into an escrow period because the lender missed something.