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A Quick fill in.. we have a Commerical Resident property with a lot of equity and we are looking to use some of the money to buy a small seasonal business that has a ton of cash flow. We would like it to use the equit...
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My wife and I are just about to finish the purchase of our second ltr. However...they are both in a different state. When it comes time to file taxes how do we do that? Do we have to file both in the state where we...
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Hello all. This is my first post. I jumped into a 3BR 2 bath fixer-upper in Cape Coral in initially thinking I would flip it. And then I discovered BP, and the BRRR strategy. So, now I think I'd like to do a season...
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I wanted to add another question regarding BRRRR that I can't seem to find the answer to. I called 5 portfolio lenders and all of them say that there is 6-12 month seasoning requirement for re-finance to use After Re...
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So, I"m a new investor and I'm trying to wrap my head around the seasoning requirement. Near as I've been able to ascertain, the best bet to work around it is to find a portfolio lender that doesn't have that requirem...
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Ideas to Get around the 6 Month Seasoning Period most Banks require?? It is slowing down my BRRRR process. Most the banks/credit unions I have talked to require 6 months.
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I am noticing, as usual a lower demand by prospective tenants for vacancies which open up during this slow time of year. If I place an ad, I will get a fewer responses. I can demand more rent in a busy season, becau...
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My understanding is if someone was to purchase a property in cash, pay for the rehab out of pocket, and then look to do a cash out refinance into a conventional loan, there is a 6-12 month seasoning period. When does...
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High Balance Conforming Mortgage Seasoning?
For high balance conforming mortgages (rate/term) are there any seasoning requirements?
There is a lender that is telling me that there is a 6 month limit from the close...
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I have a house that I'm closing on and plan to rent it out. If I pay cash, I want to (ideally) get all my cash back out with a refinance once we have rent coming in. Does anyone know a of a bank or lender that has m...