- What are some hidden costs associated with purchasing unimproved land, such as property taxes, closing costs, or financing fees?

You agreed to the $7500 sellers credit which is generous, and they are ready to close.

In the last five years, I’ve had close to 10 investor clients who either became real estate agents or had their spouses do so—because they were certain they already knew enough to handle it on their own.From here, I’ve seen things go in two directions.One path is overconfidence: they rush out, buy properties, and quickly get themselves into trouble.

The buyer then sends their EMD to the title company, and you specify to the Title agent that any EMD surplus balance is sent to you at closing.

To maximize the living space, we worked closely with the city to create egress window codes, allowing us to add an additional bedroom, a beautifully finished bathroom, and a family room in the basement.

A cash out refinance is maxed out at 80% LTV so 5% of $1.3M is $65K minus closing costs.You would need to show income and have a W2 job to refinance but you might be able to take out a HELOC to pay off your Ex-Husband.

Some states are mutual release, meaning the seller and buyer have to agree to the release of earnest money if the deal does not close.

It is very close to two different hospitals, and a mile or so to downtown of a major metropolitan city.

If I have my ideal time frame it would be to close on something in September.

Quote from @Aditya Kohli: Hey all, Starting to pivot from STR to MTR strategy for my 3Bed 2 bath house (close proximity to 1-2 big hospitals ).