If there is a minor penalty you could enforce because the option wasn't formally executed, go light on it.

Quote from @Ernie Rodriguez: I locked someone in at 6.35% with 2 points last week. 30YR DSCR refi, 2 year prepayment penalty Miami, FL Who did you use?

if you're selling it, then I would not refinance into a DSCR as you will run into prepayment penalties.

I know how it works for my state and counties but this is a sensitive matter, you should contact your local and state tax offices to make sure you are doing everything right - I would not rely on any advice from the internet, even if they are trying to help they may be doing it wrong and penalties for not doing right can be severe.

Include your carrying costs, vacancy, and prepayment penalty.

No prepayment penalty & paying down principle plus sweat equity (valu add) may be good for some?

For your first flip, match funding to the project’s risk and timeline: line up a hard money or private lender that funds purchase plus rehab draws, verify rate, points, LTC/LTV, draw process, and prepay penalties, and have a clear exit with multiple outs (sell, wholetail, or pivot to DSCR if days-on-market stretch).

Distribution(Subject to income tax and potentially a 10% penalty if below the age of 59.5)3. roll it over into a SDIRA and invest in real estateBest of luck!

Tax and penalty free as long as you've had Roth for at least 5 years. 10.

Really valuable over the years have been: pest control is a tenant responsibility, lawn and leaves with a penalty fee if not done, unpaid utilities equal unpaid rents (this is HUGE!)