28 March 2021 | 9 replies
While it does present an issue in the summer months, doing a short term rental or Air B/B may be a possibility for the summer depending on the area.
6 June 2018 | 6 replies
HMLs can do a % down of the ARV and finance your rehab too depending.Refinancing usually has a 6 or 12 month seasoning period depending on your local credit union/bank and usually they require 1 year lease.Lenders- if you are going conventional, and have properties in your target market that would finance (ie no roofs that need to be repaired or major mold issues) then just start talking to local lenders and see what their requirements are.
6 June 2018 | 15 replies
Additionally, send a demand letter to the buyer for the earnest money if they failed to obtain approval within the required period in the contract.
25 June 2018 | 2 replies
Hey All,Negotiating with a seller who wants a 10 day contingency period.
5 June 2018 | 0 replies
HI BP,I'm in escrow on a triplex; I have the funds to close and fund it all the way through but I am trying to get creative because I see other deals.Purchase: $25kRehab: $40-45k, 6 weeksARV: $90-100kTriplex: 2x 2/1; 1x 1/1Jacksonville FLCB structureOptions:Cashout refi, no seasoning: If I could finish the rehab and start the process for a cashout refi without seasoning, I would then do the deal cash with my own funds.Short term financing during seasoning period (ex: partner with contractor, private money, cheaper hard money?)
14 June 2018 | 10 replies
They probably won't find another place int hat short amount of time and if they do, you probably don't want them as a tenant anyway.Your one thing that will make it easier on yourself sounds like a bullet point list of simple questions to ask.
6 June 2018 | 7 replies
That has no bearing whatsoever on whether you can negotiate repairs after an inspection period.
9 June 2018 | 98 replies
"It’s as if the booms have been smoothed over a longer period of time but not the busts."
3 August 2018 | 12 replies
shortly after shoot them a text letting them know you just emailed them and would like to set up a phone conference.
7 June 2018 | 4 replies
Once offer is accepted they will use inspection period to run numbers and make a decision.