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15 December 2024 | 15 replies
Most of my cancellations were within the cancellation period and I charge a cancellation fee for my direct bookings.
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16 December 2024 | 5 replies
It was mentioned above you could refinance into a conventional loan, however with the 5% down conventional primary residence loan on multifamily now chances are you won't refinance this FHA loan unless you plan on living there for an extended period of time and rates come down.
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18 December 2024 | 12 replies
Over the 30 year period, I would about $10,000 dollars with the other lender if I do not buy down the rate.
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17 December 2024 | 16 replies
Were the tenants brand new during the due diligence period?
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18 December 2024 | 13 replies
Great advice; with that said, the notice I gave her did allow for a 30 day period before a new lease would potentially take affect with a price increase.
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13 December 2024 | 6 replies
There are several lenders that have a 3 month seasoning period, a few with no seasoning at all.
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16 December 2024 | 19 replies
@Brandon Croucier That isn't correct... state laws allow you to enter the property within certain time periods, normally 24 hrs, with or without permission.
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12 December 2024 | 6 replies
If you go with a conventional loan for the cash out refinance, seasoning periods are longer which draws out the process.
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17 December 2024 | 8 replies
Is it segregated (only my funds in the account)- do you have an attorney on staff that reviews exchange docs and keeps them current - what is the typical time for your staff to complete an exchange ( you want to get a feel for if they are understaffed and can they get the work done on your time frame)- how many exchanges do you do a month- what is your errors and omissions insurance through, can I get a copy- what is the amount of your fidelity bond - for each occurrence- what protections are in place to prevent wire fraud- will my funds be used by the company for outside investments (goes back to the type of account funds are held in)- who will be my contact during the exchange (goes to customer service, you want one contact who you can reach by telephone)Investors should keep in mind that it is their money they are placing with a QI to hold for a short period of time and be sure they feel comfortable with the company they choose to perform this role.