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Hello, I've been on and off here for years but I am committed to using the forums and resources on a more consistent basis this year. I have done flips, BRRR, rentals, lease options, wholesale deals, multi units, con...
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I am looking into buying a long distance rental property. I was wondering what are the tax regulations. Will I be double taxed, once in my home state and the other time at the state where the actual property is? I wou...
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Still starting out, but one thing I am curious about when looking to buy REO and Pre-foreclosures. Is there or is there NOT a seasoning period on each from when I buy it to when I sell it? I'm pretty sure it's not ass...
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We are investing in Portsmouth, VA but this applies anywhere: What is the best way to find a good GC to do a flip? Houses go quickly around here and we’re entering peak construction season so many GCs are probably b...
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There is a good deal on a short sale in a localish large (300+ units) summer only rental spot. It's listed for $20k less than all the others for sale and the sellers agent said the bank previously accepted this so the...
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Hey Florida and Gulf Coast vacation rental owners. Looking forward to this next tropical storm? seriously with global warming, it's only going to get worse. there are enough things with rentals that can keep you awake...
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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...
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I own 3 properties outright in my LLC but am thinking of borrowing against one or more to make new purchases. My bank says I need to pull the property(ies) out and retitle in my name but then I'll need to wait 6 mont...
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Hello BP!I have a flip in Spartanburg SC, the house just hit market. The best offer so far is a SC State Housing loan, Does state housing require 3 month seasoning like a FHA? It’s only been 2 months since I bought th...
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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...