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1 March 2020 | 2 replies
ARV is approx 450k according to recent comps, maybe a little more since it will be rennovated (i will do alot of the work bc i am a contractor/plumber) So my question is, is there enough skin in the deal to buy the house for 300k with an fha loan (not a 203k), rennovate it with my money (approx 50k maybe little more) and then refinance after the 6th month seasoning period and pull some cash out, if possible.
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2 March 2020 | 3 replies
There is also an empty lot included next door so I could build a shed or storage units there.
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12 March 2020 | 3 replies
Most (good) CPAs including myself are very busy at this time of year and many wont be onboarding new clients until after tax season. https://www.biggerpockets.com/users/KatieL13
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21 May 2021 | 20 replies
The only downside to that is that if you buy with cash, you have more leverage to make aggressive offers, but you'd have to wait the seasoning period to do your cash out refi.
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4 March 2020 | 13 replies
I'm sure you've connected with local seasoned investors.
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3 March 2020 | 2 replies
Waited the 6 month seasoning period to do a standard cash-out refi instead.
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1 March 2020 | 0 replies
This enabled my bank to wave the traditional 6 month seasoning period and refinance the loan immediately.How did you add value to the deal?
10 March 2020 | 12 replies
As a more seasoned real estate investor, what type of real estate investing do you prefer?
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2 March 2020 | 4 replies
Always an option or even fence in the lot and use it for rv/ boat storage.
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2 March 2020 | 1 reply
It has a very nice size storage building on the property.