All Forum Posts by: Kathy Lowery

So sorry this happened.  Report them to the Better Business Bureau and Police!

I'm really struggling with this. I found a half-duplex in an A/B neighborhood (A+ school districts, growing area) that I want to buy. The only downside is there is a smoker next door.  While this is a highly desired area, I'm afraid having a smoker next door will turn-off potential tenants. When I toured the property  I could not smell smoke, only in the garage. The seller was honest and warned me, that sometimes it comes through the neighboring wall.  She did research and found that you can add foam and a second layer of drywall to help prevent the intrusion of smoke.  I have also been looking into air-purifiers to help with this problem. 

Any thoughts on this matter?  

As always, thanks in advance :)

Thanks for your responses everyone! I have my letter :)

 Thank you!

Please let me know of any Lenders for the state of Missouri. I need a pre-approval letter today if possible.  Thanks in advance!!!

I've been in contract to purchase a single family home for almost 2 years (numerous extensions). Now the seller wants to back out (refuses to extend).  Do I have any rights at all in this case? My realtor states since my last extension expired, technically I'm not in contract anymore, and would like me to sign to the cancellation.

I don't want to sign the cancellation.   The extensions are due to the seller having trouble getting a lien release (they state is already paid). Its' the government so I know that it can be a slow process, and this all happened around COVID, but 2 years is excessive.  To add even more confusion, the seller has moved out of the country/US.

The seller states they now want to rent out the property.  I believe they want to sell it at a higher price now that value has gone up over the last 2 years.  I'm at a lost on what to do but I am in no hurry to get the earnest money back since I've waited so long and wasted so much time on this deal.  

Any insight would be greatly appreciated.  Thanks in advance!!!

My lender states I need to show rental income on my taxes before I can refinance my investment property. Since I purchased it in December it won't  show until next year. 

How do I get around this? I hear investors say they refinanced in 3 to 6 months using the BRRR strategy all the time. Surely they can't be waiting until they file their taxes to do so.

What mortgage product will allow me to quickly refinance? There are no limitations (pre-payment penalty) on my existing mortgage. So I'm not sure why I have to wait so long. Does the quick refinance only apply if you purchased your investment property in cash? I've heard investors state they have refinanced hard-money loans in a short period of time. Does this not apply to a good old-fashioned investment property mortgage?

Thanks in advance!!!

 Thanks Cody!

 Thanks Luther!!!

Hey BiggerPockets community! I'm looking for a rockstar broker in the KC community to help me get the best rate on a mortgage.  I'm refinancing a primary residence and trying to get the biggest bang for my buck. I also want to obtain mortgages for several rental properties within the next few months. I need someone who is knowledgable,  hard-working, creative and gets the job done. Please hit me up with your suggestions.  Thanks in advance :)