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Updated over 8 years ago on . Most recent reply

User Stats

198
Posts
65
Votes
Heath Thomas Jr
  • Lender
  • Baltimore MD
65
Votes |
198
Posts

Buying a house with 1 board up on the street in Baltimore

Heath Thomas Jr
  • Lender
  • Baltimore MD
Posted

Hello, 

My partner and I are looking very closely at purchasing a house in a pretty nice neighborhood, at  great price. 

We want to use the property as a rental and refinance out of our Private money loan. The only issue is there is 1 boarded up house about 6 doors down. I can't seem to track down the owner however. 

Question is, will we be able to refinance (using a commercial loan) if there is a board up on the street? This is in Baltimore City.

Most Popular Reply

User Stats

25
Posts
4
Votes
Jeffrey Goers
  • Investor
  • Vienna, VA
4
Votes |
25
Posts
Jeffrey Goers
  • Investor
  • Vienna, VA
Replied

I have gotten financing for Baltimore rowhouses that have boardups nearby - the stipulation I got from the lenders was there cant be an adjacent boardup, but further away on the same block was ok.  Same with my insurance carrier (Erie).

jeff

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