My husband and I are considering investing in a short-term rental property in Puerto Rico but are concerned about the risk for tightened near and longer-term short-term rental regulations. Some cities in the U.S., for...
How long do you have to hold a property after you purchase with cash before doing bank refi? Reason I ask is because I would like to buy a competitive deal with cash and convert it to a bank refi loan as soon as po...
I'm new to REI and another topic brought this to mind...When my husband and I bought our house (that we live in, not an investment), we paid an earnest money deposit that was credited to us at closing. We also paid a...
Currently in process of closing on a year and half long short sale proceeding where assistance is needed in locating funding source to provide financials for 31 day period in between A --> B and thereafter --> C...
For those of you that do short sales, have you run into situations (or is it the norm?) that banks will not do short sales if the foreclosure sale occurs, even if there is a 6 month redemption period (Michigan)? I've...
Hey all, I'm looking to invest in a townhome/condo as an STR investment.I'm exploring a particular HOA and reading through their covenants, conditions and restrictions (CCRs). I see some paragraphs that talk about "L...
I am a landlord in Coachella, CA and rent my house room by room. I have a tenant who paid through Venmo several days ago. The money has completely gone through to my bank without issue.However, he is asking for the mo...
We are putting an offer on a house in Austin and my agent says we need to put $400 for option fee. I looked up online and different web sites say the option fee is between $50 to $200. So how much is the option fee in...
Hello! I am looking for a second rental property and I have already been pre-approved. I want to offer a cash and a financed offer, but I don’t necessarily have my own cash. If the seller accepts the cash offer, can I...
Recently one of my investors I closed a short sale with has run out of money and has offered my husband, a non agent, an ownership position in the property. The 90 day transfer period the bank required has expired. ...