The rents that the seller pays (discounted) are going to trip up trying to refinance out of hard money as any lender will use the lower amount to qualify thus cutting your loan down to be able to make the rents cover PITI.

Explain the situation and all the great new amenities they will get and ask if they will resign at the projected new amount.

I live in the Portland, Maine area and am currently launching my real estate wholesaling business as a short term strategy in order to build knowledge, capital, and a network so that I can eventually start investing in my own projects such as fix and flips, and both short and long term rentals.

I currently have a 3.75% 30 fixed mortgage on my primary home, and looking to dive into my first investment property.

Would love to help you with your fix/flip investments.Sending you a PM now

Stay away from WHOLESALING, FIX & FLIP, and SHORT TERM RENTALS.

If you look at the amount you'd need for acquisition and rehab from the HML and it's more than that 75% of ARV, that means you're coming out of pocket for the refinance.

Any solution for minor sound proofing fixes that may be able to work?

This is something to consult with your CPA to further understand the total amount you will be depreciating and on what schedule.There are also many other things that are/could be depreciated and not necessarily wrote off as deductions in full, in any given tax year.

Hey guys,old post but same topic.If I have a water affidavit in place but the water contract is in my name (landlord), am I still liable for the outstanding amount?