I flipped one successfully 18 months ago which allowed me to purchase the 4 rentalsJust curious as to how folks view not paying credit cards in full in order to continue purchasing.

I got pre approved with a lender that requires seasoning but since I already have gone through the initial hard credit inquiry I believe There Is a 3 month time frame when I can “shop” around for other lenders without triggering a secondary hard credit inquiry is this correct or does this vary through the lender as well?

My Opinion:As the yield curve flattens it is an indication that the cost of money is going to be higher.Based on mortgage statistics that the median new mortgage has an LTV of 95%, people are still leveraging their homes quite a bit.In order for the real estate and financing markets not to go stagnant they will need to come up with increasingly ‘creative’ ways to finance houses with average home prices that continue to climb otherwise home buyers will no longer be able to afford purchasing houses.While all of the indicators don’t look exactly how they did in 2007 it is quite scary to see that many of them are quite similar.Just my two cents.

Do you want to lock in the presumably low interest rates now (if rates continue to climb, this could be the cheapest money you can find)?  

How worried should I be about continuing to work with this property management company?

I will continue renting where I am currently (U-District) and rent my house (in whatever location it would be) .

1 - DSCR just shows the lender the property can sustain itself and the rents cover the debt2 - Terms vary but will typically be 5-10 year ARM on commercial loans3 - 20-30% down is standard depending on the deal (SFH vs MFR) etc.

2 - Is it common for the RE agent representing the buyer/seller to be anxious and annoying during this process when continuing to request extensions?

North FloridaIt varies on the quality of product, areas being installed, floor prep?  

Do CODE VIOLATION SEARCH.9Calculate MAX Bid PriceOnce the properties are filtered with the above criteria, set the max bid price between 60% and 75% of Fair Market Value or ARV10Bid StrategyDetermine the low starting and maximum bidding amount, to be agreed by GENERAL PARTNERS11BiddingEnsure 5% of max bid price is in County bidding bank account 3 days prior to bidding12Property Win BidEnsure funds are wired to County bank within 24 hours of WIN13Send File to Lawyer/Title SearchIf property is still occupied, have Legal file a “Writ of Possession” to get former owner removed, Perform Extensive Title Review, Negotiate any existing Liens14Receive TitleReceipt of Certificate of Purchase, Certificate of Title to occur within 3-4 weeks from date of winning Bid, continue follow up with County until received