So my conventional lender says that they can only cash out refinance on 80% of purchase price after 6 months and in order to base the refinance on the ARV I would have to wait 12 months. Is this typical? Are there len...
HI BP,
Im sure this has been covered already but I am looking for some lenders in Ohio who would be willing to do a shorter seasoning period than 6 months on a BRRRR. The property in question is a 12 (possibly 13) u...
Good morning everyone,I am a new landlord and determined to be a fair but firm one. I have an tenant that is currently in the grace period as CT allows for 9 days before a late fee can be charged (5% on the 10th). The...
I've been trying to find information about this and need a little guidance. I am leasing to a party of 4 individuals and their lease renewal window is approaching. Some of the original tenants will not be a part of th...
Hello folks,Okay, here's an issue I would love people to provide input on. In our rental agreements we give a 5 day grace period before late fees and pay or quit notices are generated. We only accept payment through...
I won an auction today. Good news is we won and have what could be a 2.2% renter return and about 350 in cash flow. Bad news is I haven't seen the place, there is someone in it and the redemption period is all the w...
Hello Bigger Pocket Family- I am in the market to purchase my first tax lien property. After receiving rights to the property, I plan on finding a renter. My first question for everyone is- Can I rent the property ...
My STR is in the Midwest in a small beach town and near a golf course. We opened in Aug and was booked every weekend until after labor day. What are you all doing to increase bookings for the slow period?
Hello all,I want to look into tax lien sale and have a question regarding protecting your investment during redemption period.I am in Georgia. Here there is a 1 year redemption period during which I can't do anything...
I am currently going after an REO. It is a full gut rehab. Everything needs to be ripped out and redone except plumbing. I had my contractor walk the property with me already but (there's always a but) this house has ...