We normally don’t buy investment condos since the cash on cash return is normally low due to the HOA fees but it has been very passive What made you interested in investing in this type of deal?

The seller would be responsible for the real estate taxes on the property up until the date of sale (this is normally prorated between the buyer and seller for the year of the sale), as well as any capital gains taxes on the sale of the property. 

That will stop him from setting foot on the property or contacting you again.Third - what was the expected date of completion stated in your contract?

@Aaron NatalieSpeak to your CPA on whether a cost segregation will benefit you.If it doesn't benefit you, you may be better off not spending the money on the cost segregation company.Also, there are two types of cost segregation companies.DIY and engineered studiesI normally recommend DIY studies for residential properties below a certain dollar amountEngineered studies for other asset classesBest of luck!

@Alex BelliniMulti-family homes normally make better candidates for Cost Segregation studies.

The other thing is rates generally are sold or offered in eighths as in .125 so having a 3.85 is unusual considering it would normally be 3.75 or3.875%. 

I paid $130K for a 900 square foot house in September 2020 that is worth $170K right now.

I get $1/foot in DFW

Hi I've been approved for a few private loans is it normal to have to pay upfront costs to attain the loan? 

Hi Dana,In addition to paint, maybe put a strip of black indoor outdoor carpet just in front of the door (and on the steps if they are not cement).That area is going to take most of the abuse of moving (scraping appliances and furniture) in and out, as well as most of the foot traffic.Cut 3 or 4 more sheets and toss them in the attic for future use.A hand full of staples is much cheaper and faster on turns than a full repaint.Also keep in mind that is a long narrow space and Lighter colors make things appear larger, darker colors--the opposite.Good Luck!