Jason Thomas
Mold found during inspection period, should I proceed?
I am looking at a quad(2 on top 2 on bottom) which is in a very good location and put an offer on the property. Upon the inspection there seems to be an active leak in the upstairs bathroom for quite sometime now whic...
Victor N.
Headache Turning on/off utilities During Inspection Period
I have a contract on a 2 family. I usually do the inspection myself but this time decided to pay a professional. No problem here. My problem is with the utility companies. Here in CT it is such a pain and monumenta...
Matt Richter
Typical Payback Periods, 50% rule, and 2% rule
Assuming 100% financing at 4 % and 50 % rule (50 % of gross rents go towards expenses) what are typical payback periods of real estate property?
For instance this property http://www.zillow.com/homedetails/...
Gary Parilis
Clarification on seasoning period for cash-out refi
If the seasoning period for a cash-out refi is 6 months, do I need to wait 6 months to apply for the loan or does it just need to close after no less than 6 months? The latter makes more sense, but these rules aren't ...
Mike Jones
Bank requesting financial info during loan repayment period
Hi all,I currently have a rental property loan with a local bank and I have been paying it for about 2 years without any problems. I just received a letter from the bank requesting last year's tax returns, personal f...
Craig Latham
BRRRR refinancing step - getting past the seasoning period
My partner and I just closed on our first deal (3 plex property in Cleveland) after a year of education and 6 months of analyzing and making offers. Its been fun and now we are learning more than we ever have by jump...
Aaron J Latal
Seasoning period for remortgaging from FHA to conventional
Question: Does anyone have experience refinancing from FHA to conventional in less than 12 months?Background: I am BRRRRing a duplex and got an FHA loan with the intention to refinance to conventional mortgage after r...
Christopher Cano
1099 contractor 2 year waiting period to purchase?
Hello all,I’m a overseas contractor who receives a 1099 but want to dice into real estate. I was recently told by a co worker that in order to obtain a mortgage a 1099 contractor has to have 2 years of employment befo...
Jesse Smith
Opportunity Zone Benefit Look Back Period? Tax help?
I'm probably out of luck here, but I'll ask anyway. On October 4, 2017, I sold $75,000 of stock ($11,500 capital gains) to invest in two local properties. When the Tax Cuts and Jobs Act identified Qualified Opportun...
Mak K.
Option Period- TO DO LIST & TITLE REPORT
Hi,In option period, what information can you ask from the Title company? Do they give you a preliminary report? What are the few questions to ask?