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Hi BP,My partner and I just came across a great off market deal and one of our decision drivers is going to be how long we have to take a private loan out for. We are going to have to buy all cash, and are going to us...
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I am planning to acquire a 4 unit building in Chicago to rehab and owner occupy a unit. My original plan was to use the FHA 203k rehab loan to acquire and rehab the property. However if I were to spot a really good ...
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Hi, y'all! I live in Fresno California and I'm looking for other BP investors who have bought properties. I have read books such as The Book on Rental Property Investing, The House Hacking Strategy, Investing in Real ...
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Hi allDoes anyone know of any lenders that will waive seasoning periods? For example, I know that Lima One will waive a property's seasoning period if you use them for both the initial hard money loan and the longer-...
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So I bought my first property in Feb 2018. Fast forward to the present time and everything seems to be working out fine. I have the best tenants, the property is holding up well, but I can’t seem to shake this feeling...
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Is it possible to get a hard money loan for rental property if you don't own a home or have previous real estate experience?
Anyone know if the the FHA 90-day seasoning waivers that are due to end Feb. 1st 2012 are going to end or be extended for another year?
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Hi everyone, I’m about to buy my first property using a conventional loan but the bank said there is a 12 month seasoning period before it can be used as a rental. I plan on having the renovations done in under 3 mont...
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I live in Fort Myers and had an offer on my rental for a seasonal lease. My questions are:How do you structure move in costs? It would be a 4 month lease - do you still do standard first and security? Are your leases ...
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Mortgage pros, is the seasoning requirement six or twelve months? If the borrower is seeking to recoup purchase plus rehab funds does that change anything?
Scenario: strong borrower. He made a purchase of $125K l...