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Hi BP Community! Heads up - Cash out refinance seasoning was previously 6 months for conforming loans. This is increasing to 12 months in the near future. Freddie Mac will make the increase effective March 7, 2023 a...
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How does the POS process work for a property that is tenant occupied? If I go into contract on the house, and the POS inspection is done, is there a time period after close that I have to become POS compliant? Can I...
I recently won the bid for the tax certificate but I heard I get the property after three years if the redemption period is over. Every year I get tax bill and they said that I should it if not then another tax lien c...
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Hi,
We have signed the contract to buy the land ( and plan to construct multi retail) in prosper. It is part of bigger lot. We are currently in due diligence period.
I want to check on the loan prospects for buying...
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I have a wholesaler who is whosaling a subto deal to me. It's too good to pass up. He's asking for 3k EMD. I've never done a subto deal before. I know it's different from a normal real estate transaction. Is there sti...
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Looking for advice. I have a lead on a house with a USDA mortgage. The owner has defaulted and the foreclosure process has started. The house needs considerable work that she is not willing/able to do to sell on MLS. ...
Is there a time period in which a landlord is required to claim late fees? My landlord is telling me I need to pay late fees from four or five months ago. She lives in San Mateo and I live in Sacramento. I'm required ...
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Hi all - first time poster, but have a question on best approach. My current household I used a 401K loan as a down payment. There's 36k remaining on the loan. I am currently putting an in-law suite addition on the ho...
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I've done hundreds of transactions, both residential & commercial, but I've never done a ground lease. I've got an opportunity to work on a ground lease deal with a tenant and buyer of the land...curious if you c...
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Hello! We purchased and started renting out a short term rental in 2019. There was about a period of 1-2 months that we worked on getting the house fixed up and furnished prior to listing aka the pre-revenue stage. I'...