Jing Jiang
waiting periods after tax sale
Can anyone have some comments on the top story yesterday that Michael Cheng bought the whole street of Presidio Terrace of San Francisco TWO year ago in a tax sale?Now all residences challenge the sale and board of su...
Nick D.
Refinance Lock Period & Extensions
Im going through a Refinance that started December. I asked the lender to lock in my rate which was locked in for 30 days since the lender said we would finish the refi before the end of January.The communication duri...
Cody Butler
Reporting Period for Owner Reports
I am a property manager; Owners of apartment buildings, townhomes and mixed use buildings hire my company to manage their buildings for them. Each month I create a Profit & Loss Statement and a General Ledger (aka...
Gabriel Garcia
Cash Out Refinance Seasonal Period
Hey All,
Needing some information/assistance.
Purchased a 4plex 30 days ago for $350k, it appraised as is for $400k.
Only one unit was occupied and rented out at $600.
We’ve since renovated all the units with our ...
Jordan Vanherwynen
Payback Period Rule of Thumb
Quick question about Payback Period (PBP).1. Does anyone have any "rule of thumb" when using PBP? 2. Is it even useless when analyzing properties? If so, which types?Thanks, Jordan
William Barr
BRRRR Lenders without Seasoning Period
Hello!I am looking for a lender to use for BRRRR deals that will allow me to refinance without a "seasoning period" on the original mortgage. I know that the typical time period to refinance is 6-12 months, but I've h...
Steven McPherson
Inspections period for a Wholesaler
What does the contract period (from contract to close) look like for a wholesaler? Do I put the house under contract, assign to an end buyer, and then sit back and pray for the deal to close? Or do I need to take mo...
Bharath Raj
Lease negotiations for option period
Our brokers negotiated a commercial office lease with a national tenant in the LOI. A draft of the lease was drawn and the contract was prepared by my attorney. The tenant' attorney reviewed it and sent it back with s...
Richard Moreno
Refinancing with no seasoning period
My friend has a property he is rehabbing in Detroit and we are at seeing if there is other options to refinance other than private lender. Is there a bank or CU that will refi without seasoning period? Or is that even...
Nhi Tran
Option Period with Wholesale Deals??
Hi BP members, Can you tell me if an option period is something that is common when buying through a wholesaler? Thank you in advance!Nhi