Louie Salazar
How long does Short Sale stay on your record?
Its been 6 years now since my Short Sale.I was trying to refinance the home that I have now. The loan agent said that because 7 years hasn't gone by yet, that it is still on my record. I would have to pay higher than ...
Kimberly M.
How long should due diligence period be?
When contracting for a multi-unit asset how long do you normally ask for a due diligence period? I realize this may depend on the number of units in each property but if anyone can provide a standard timeline breakdo...
Kenny Lindsey
tenancy in sufferance(roommate issues)
When is it a good time to take legal action for rent not paid. Is it a certain dollar amount or maybe when you don’t want the reputation of being the one that lets tenants go on rent not paid. Recently had a roommate ...
Alex Tang
Multi-Family Only Sold as Is
I've seen a few multi-family listings around the Atlanta area and the listings all state the property will be sold as is. Is this common in multi-family transactions or is it a red flag? I do want to add multi-famil...
Melissa Faraias
Refinancing Advice needed for First Time Investor and DSCR Lender Recommendations
Hello BP community,
I am close to finishing the rehab on my first rental property and looking to refinance soon. Does anyone have any good DSCR lender recommendations? The property is located in Houston.
A lender t...
Nick Janovich
Cash-out refi after full-cash purchase
I'm currently looking at a foreclosed property. Fannie is requiring that investors have a cash offer. The property is $24,000. Needs about $10,000 in repairs. ARV is $50,000. Not quite the numbers that hard-money lend...
Tanim J B.
Understanding Lease breaking fee
Can you please help with General understanding for early lease termination.If Lease says, 1. Tenant must pay early termination fee. equal to 1 month rent.2.Tenant will continue to pay rent and utilities until a re...
Freddy Alban
Refinance through a Llc
Hello BP,I need to refinance a rental property that I purchased through my LLC. I reached out to CU’s and local banks about refinance, but they mentioned I need 12 months season period before I can cash out refinance....
Sarah Buchanan
Charge tenant to replace carpet/what qualifies as "normal wear"?
How does one determine what qualifies as "normal wear and tear" with regard to carpet? I had a tenant just move out after a 12 month lease and, while the carpets (in bedrooms) were not brand new and had a couple of s...
Casey Adams
Seeking Cash out Refi for first BRRRR and advice on financing in general
Hello!Rehab ($25-$30k) on my first BRRRR is coming to a close (Purchased mid January) and I am now hunting down financing. I paid cash for the property and am looking for an 80% LTV cash out refinance. I got a quote s...