Below are the clauses from the U&O agreement that I want to better understand"The seller shall pay an upfront fee to the buyer at the start of the seller's use and occupancy, of 2500 for said use and occupancy for the month of june 2022, prorated and paid outside of closing.

Bonnie, I wouldn't say we're "addicted" to cheap money but if it makes the cash flows stronger I sure will look for ways to keep that 2.9% interest rate b/c it means another $700/mo in our pocket for 30 years and hey, that's better than a poke in the eye ;o)

However, for primary residences, you have to occupy the property within 60 days of Closing, so if lease ends 1/31/23, you could Close 11/30/22 with a 60-day U&O agreement.

Broker says I cannot sue under agent’s E&O policy because it was supposed to be 15 days contingent even if she had not waived insurability without my permission.

Here's a typical scenario.300 K loan amount-No adjustment75% LTV- -.5 adjustmentSFR No adjustmentCash out-- -1.25 adjustmentI/O- -.5 adjustment725 score -.5 adjustment3 year prepayDSCR 1.25 Add .25Par rate would be 7.75 on a 30 year with a 3 year prepay.

Im 25 y/o, looking to house hack a multi family home around Dunkirk/Fredonia NY with my girlfriend. 

Bank of America Grant Program. 5%down, 2.125% interest rate (that is not a type-o), 30 year fix.

Many E&O policies exclude coverage for agents selling their own investment properties or properties that they do not occupy themselves.

Usually the LL will come up with a base rent w XX TI and base rent w/o TI.

Instead of paying to fix it or charging the tenant to fix it get rid it and put in a range w/o a glass top.