Ruel K.
Rent Grace Period and Late Rent Fee
Hi there. I just wanted to get some feedback before I email the tenant about the rent being late. It is the first time that my tenant is late for her rent. Rent is due on the first and I have a 5-day grace period so t...
Will Rodgers
REOs and Dewinterizing after during inspection period
The bank just accepted my offer for a REO property. I just met with my realtor to sign paperwork and provide cashiers check for EM. The issue is that property is winterized and I was told that the selling agent has to...
Davian M.
HELOC waiting period for a cash purchase?
Hello,
My name is Davian and I am a novice investor. I am seeking advice about a cash purchase property. I have the money to secure the property however is there a required period like with seasoning to apply for a h...
Jean B.
Grace period in Texas and week ends
This is for a Texas property/lease.
My lease states that Rent is due on the 1st, but if the landlord has not actually received the rent by the 3rd day of each month (Grace period), tenant will pay late charges of $50...
Mark Ruiz
Seasoning period on a hard money loan?
I am purchasing a 7-unit apartment building using a hard money loan. The property is going to be delivered with 3 vacant units, which should allow us to renovate immediately. I expect to be fully renovated and leased ...
Aaron Vergason
Wholesaling and 3 Day Attorney Review Period
I had a house under contract for two days. An agent saw the listing as saw it was a great deal so she got the Seller to take her signed purchase offer (From my Agent and Me) to an attorney and had the attorney write ...
Dan Valiente
BRRRR LTV Refinancing With No Seasoning Period
First ever post here!! My question is how are you professionals able to cash out refinance on LTV without waiting the 6 month seasoning period? Are there requirements that must be met? Does it depend on the bank? Does...
Christie Zhu
Validate buyer's intention to extend inspection period?
Greetings to you!
We are in contact with a cash buyer and had a 10 business days inspection period. After the inspection, we followed up for a week for the inspection results and didn't hear back from the buyer's age...
Phil Z.
Wells Fargo REO Removes First Look Period
"Effective July 13, 2020, the Homebuyer Priority Timeframe has been discontinued and been replaced with the Initial Listing Waiting Period.With this change, it provides an initial 7 day waiting period before any offer...
Ian I Leinwand
How to BRRR with shortest seasoning period
I'm working on a BRRR project in Longmont Colorado. I'm running into an issue with the refinance. Seems like I have two options. 1) Refinance quicker withing 3 - 4 months of initial closing and get a refinance at 75% ...