Jacob D. Lange
Financing an all cash purchase???
I am purchasing a property all cash. Is there a period of time I would have to wait before I could then secure a mortgage on that property.I heard 6 months, but that might be only for a re-fi. For context, I am buyi...
Kingsley Edemidiong
Wholesaling A Warehouse The Right Way
Good day! I am currently wholesaling my first warehouse in Tulsa, Oklahoma and would like to know: 1) What is a typical EMD is for an industrial property? 2) What is the best closing strategy that will make the transa...
Maureen Gonzalez
What to consider in a 6 month lease?
We are renewing an annual lease with our tenant. They requested a 6 month lease as they want to purchase a home in that period of time. Do you recommend increasing the rent for a 6 month lease to partly cover the cost...
Kristen L Garner
Important: Cash-Out Seasoning Update
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...
Grant D.
POS process in Cleveland
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...
Shady Forbes
Do I have to pay the taxes every year once I win the bid
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...
Nasi K.
Prosper Loan for multi retail sapace
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...
Alex Ng
First Subto Deal. How does EMD work?
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...
John-David Herlihy
USDA Loan - Short Sale Advice
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. ...
Daniel Albano
Late fees
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 ...