Aaron DiCaprio
What Grace Period is Standard for Nonpaying Tenant?
Hi Everyone,
I'm looking for feedback on what grace period should be set forth in a lease for when a tenant doesn't pay by the agreed upon rent due date. What does the BP community use? Do certain state laws mandat...
Inga Davis
Looking for private money lenders/refinance seasoning period
Hello,I just purchased my first property using my heloc, it’s renovated and rented out (BRRRR strategy). I bought it 3 months ago and am running into a problem when it comes to refinancing it due to the seasoning peri...
Terry Royce
Keeping in contact with Sellers during contract period
What communication/contact do you have with the seller during the contract period. I have not talked to them since we signed the contract.
I am supposed to go to closing on or before Aug 7th. Should I call them and ...
Meng W.
Grace period for new month to month lease
Hi BPI will be raising my tenant's rent in a couple of months. My tenant has a habit of paying the last day of the grace period all the time. For instance her due date is the 15th of every month and her grace period i...
Cheyenne Davis
FHA - 2 transfers in a 12 month period?
We don't typically buy from wholesalers, but we found a good deal that a wholesaler has under contract. It's an REO, so we will need to double close. Our intention is to renovate the property and resell within the nex...
Gaurav Bhasin
BRRRR - Question about Refinance Period and Refinance Amount
Hello, I have a question on the BRRRR. I was looking into using the BRRRR strategy. I spoke to the lender I used for the previous deal and she told me that you have to wait 6 months before refinancing and can only get...
Oscar Chirinos
Heloc, brrr rehab costs, waiting period for refi?
Hello guys quick question, if i use a Heloc to finance the BRRR strategy, is it true some helocs do NOT allow you to use the funds for rehab or closings costs, and if they do allow it, is there a waiting period for re...
Dakota Adney
Seasoning Period Solution- Rate and Term Re-fi?
Hey BP Lenders!
Looking for an outside-of-the-box solution here:
My situation:
I'm in the process of constructing a solution to the 6 month seasoning period for a 30 year note in by BRRRR process. I purchased t...
Matt Ferch
Length of Seasoning Period — what accounts for differences?
Hello, as I have been researching BRRRR, it seems like the average seasoning period is 6 months. Some sources attribute this to FannieMae and FreddieMac.I’ve also seen posts mentioning lenders that have seasoning peri...
Brandon Turner
Grace Periods? Rent extensions? What do you do?
Do you allow grace periods? Like, "rent is due on the first of the month but considered late after the 5th".
We have a 5 day grace period in our lease - but because of it, no one pays till the 5th of the month. Eve...