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I am placing an offer on a HUD listing. One of the lines on the sales contact asks "The Earnest Money shall be held by..." When making an offer on a HUD listing doesn't HUD generally hold the Earnest Money? This is my...
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I've never purchased a HUD owned home before but there is one I may be interested -- not anywhere near the current list price though. It's a UI property in the Extended listing period. The price at which it would be a...
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Hey everyone! Currently located in Mobile AL. I have 2 homes that I’ve rehabbed that I’d like to pull equity/initial investment out of and would prefer to go the DSCR route and shooting for 80% LTV and preferably no s...
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Hello Community team,When you do a BRRRR, I am finding out that there is a 6 months seasoning waiting period ( DSCR ) before you can cash out refinance, so we can evolve our funds to go to the next property to purcahs...
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Hello all,
What are your thoughts on this:
Our primary residence is currently worth approx $250k.
We currently owe $170k.
We are looking to explore the option of using a home equity line of credit to fund our ...
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I am at the end of the listing agreement with my current agent. We have had a good amount of traffic, but only one offer.However what happens if someone saw the property on this listing and makes an offer when we hav...
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So I wanted to pose a question to my fellow New Yorkers.. I’ve heard being under contract may not matter when there was a a combination of greed and cash buyers . One the seller can contact it’s lawyer to kill to orig...
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Purchased new home for living. Want to use the equity to purchase short or mid term rental after the 6 months waiting period.
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Hello! I’m currently working on building a team(OOS) in the Cleveland area to invest in small multi-family rehab properties. I will be looking for a lender who is investor friendly, will fund a cash out refinance, and...
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I'm new to REI and have been attending the weekly Sheriff sales to get a feel of how they work. There are actually properties in my area that would be worth buying. Other than a title seach to check for liens or a s...