(Or you take them prepaid for the minimum number of months they say they[r staying.). 3) you add $20k to that amount for “new damage”, eviction costs, and unpaid rent owned security deposit.

First month's rent and deposit to be pre-paid at XXX Bank in cash or cashier's check in amount of $2890.00 as follows: Feb 2025 rent @$1295.00, refundable deposit @$12950.00, pet deposit @$300.00.

This means all fees and start up costs (including prepaid interest, home insurance premiums and collections for property taxes and ins. to go into escrow) - and as crazy as it may sound, for VA loans concessions can even be used to pay off the buyers debts to help qualify.

I have floated the idea of buying down rate to around 6% which would leave about $5,000 that we could use towards repairs or any other prepaid expenses.

Prepaid interest could easily be another $750-$1,000, depending on which day of the month you're closing. 

Additionally you should be mindful of title, escrow, appraisal, impounds, taxes and prepaid interest.

Any guidance on our options, if any would be greatly appreciated.Contact [email protected] to ask this question.Easiest option would be to provide them with a prepaid credit card they can use to purchase the membership.

The $34k cash to close is probably a mix of loan costs, prepaids, and the remaining needed to buyout the hard money position. 

Update 3/27/25: After I cancelled my contract with Evernest, they found a way to charge me extra, retained my security deposit and said I owed them another $80 somehow despite the fact that I prepaid for every service and contractor.Experience was in fact so bad, that I’ve listed the property for sale and will likely take a loss on it.

He has prepaid for the service.