All Forum Posts by: Cliff T.

@Account Closed - appreciate the speedy replies! 

thanks @Keith Robinson! appreciate the guidance here. i'll stay away for now.

bumping this back up. Any thoughts on east Lancaster near the Challenger area?

Hi all-

I recently completed a cash-out refi and I'm wondering... how quickly am I allowed to use those proceeds on a downpayment for another investment property? Are there any standard rules/regulations around using the money right away? Any other considerations with cash-out refi funds?

Thanks in advance!

@Glenn Russo how did this work out for you?

Hey all - quick question that I haven't been able to find the answer to...

Can I use gift money (from parents, friends, family, etc.) when completing an ALL-CASH home purchase?

I recognize there are complications when using gifted money for a down payment and taking out a loan. However, I'm not clear if this applies to all-cash purchase.

Thanks!

thanks all! will hold the title open for a year as I haven't heard of any downside in doing so. appreciate the responses.

Hey BP!

Happy Superbowl weekend. I'm closing on a property in Philly in the next week and want to get your advice on one of the pgs that I need sign as part of my closing docs.

I'm paying all cash for the property and there's an option to keep the title open for a year. Presumably one would want to keep the file open if he/she is planning on getting financing? That's what the doc says.

Can someone here explain to me the pros/cons of keeping the title open for that year? Seems like a no-brainer if it'll just facilitate the financing process later down the road. FWIW, I do intend to get financing later down the road (6-8 months) once the place is fully renovated and I've had a tenant in place for a while.

Thanks in advance!

Hey all - I'm working on a project in Philly. I have a few GCs that I'm getting estimates from but would love to get a couple more in the mix. Anyone have a reliable GC that they've used in the past? Looking to update a row home in the Manayunk area if that helps provide some context.

Thanks!