All Forum Posts by: John Jacobs
John Jacobs has started 18 posts and replied 70 times.
Post: Duplex Renovation Purchased in Meridian-Kessler Indianapolis, IN
- Indianapolis, IN
- Posts 72
- Votes 22
Tyler--congratulations on the purchase. I know exactly where this duplex is---in Broad Ripple over by Mama Corolla's and the Liter House.
John Jacobs Real Estate Investor and Private Money Lender Indianapolis, IN
Post: Question: When Does the Seasoning Period Commence?
- Indianapolis, IN
- Posts 72
- Votes 22
Hi Shiloh,
I am not buying a property. I am the lender on a property that has already been bought and renovated. Soon there will be a refinancing event wherein I will be cashed out. My question regarding seasoning pertains to the refinancing.
Thank You
John
Post: Question: When Does the Seasoning Period Commence?
- Indianapolis, IN
- Posts 72
- Votes 22
Brian, Thank You
Post: Question: When Does the Seasoning Period Commence?
- Indianapolis, IN
- Posts 72
- Votes 22
Post: Question: When Does the Seasoning Period Commence?
- Indianapolis, IN
- Posts 72
- Votes 22
Thank You!
Post: Question: When Does the Seasoning Period Commence?
- Indianapolis, IN
- Posts 72
- Votes 22
AJ,
Follow-Up Question: So to a DSCR lender seasoning starts when the property is bought. Is this true as well?
John
Post: Question: When Does the Seasoning Period Commence?
- Indianapolis, IN
- Posts 72
- Votes 22
AJ Thank You John
Post: Question: When Does the Seasoning Period Commence?
- Indianapolis, IN
- Posts 72
- Votes 22
Hello Lenders,
I am a private money lender.
My question is---When does the seasoning period start?
Does seasoning start when the property is bought? Does seasoning start when a renter moves into the property? Are there any other events that could occur which according to a lender would constitute the start of the seasoning period?
Thank You
Post: Actual Cash Value versus Full Repair Cost
- Indianapolis, IN
- Posts 72
- Votes 22
Thank You John
Post: Actual Cash Value versus Full Repair Cost
- Indianapolis, IN
- Posts 72
- Votes 22
@Steve Hiltabiddle Steve, Awesome. That was my impression as well. John :-)