Catherine Coy
Hot Off the Presses--Good News for Short Sale Investors!
Dated: June 25, 2008
"Seasoning" for short sale, as compared to foreclosure, is TWO years, not FIVE years as with foreclosure.
I'm amazed...but there it is in black and white in unequivocal language. Now we can sa...
Michael Jones
Purchasing property with existing tenant
To preface this question, I am located in Chicago.
I am interested in putting an offer on a condominium (short sale) with an existing tenant. The tenant's lease expires in about a month, and I would like to c...
Stephen Stokes
Fannie Mae Cash Out LTV and Seasoning
Does anyone have a suggestion how to get around the Fannie Mae 6 month seasoning and 70% LTV requirements for cash out refinance on multi-fam? I have a duplex that am trying to follow BRRRR strategy but running into t...
Michael G.
Am I the only wholesaler whos run into "The buyer agrees not to sell the property within 90 days of closing of this sale†clause on a short sale?
Am I by myself on this issue wholesalers? Better yet has anyone investor's, attorneys, ex-loss itigation people ever seen a bank go after someone for violatiing this clause?
Ronald H.
Timing the funding to maximize profits. Massachusett Investors advice needed!
:D I want to wholesale properties and use transactional funding to complete my first few deals.
Some of the available funders say "No-o...
Sean Mills
Account for equity when paying down loans
I am planning to purchase my first rental property this coming winter using conventional financing. While I save for a downpayment I have been analyzing properties for practice. When looking at properties and the retu...
Jordon McMullin
A Few Questions from a noober
How long does an inspection period usually last? is it a few days from when the contract is signed? or is the inspection period before the contract is signed?I want to do my first wholesale deal here soon, can I get s...
Ross Cornwell
Single-family residence fix & flip investment in Amissville
Investment Info:
Single-family residence fix & flip investment in Amissville.
Purchase price: $172,000
Cash invested: $60,000
Sale price: $330,000
Second fix n flip
How did you find...
Dan Turkel
Is no seasoning possible?
I’m about to close on a property I intend to BRRRR. When it comes time to refinance, I’d like to use a residential loan rather than a commercial loan to take advantage of the lower interest rates and longer terms typi...
Elizabeth Rose
HELOC question - interest + principal payments during draw period
Hi BP community! After interviewing several lenders, I chose one to pursue a HELOC with. The loan process has been going on for 1-2 months now... now, at the 11th hour, they're saying the loan will be interest + princ...