Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

10
Posts
0
Votes
Jordan Higley
  • Woodstock, GA
0
Votes |
10
Posts

Will bank finance my Triplex ? -- Survey problems

Jordan Higley
  • Woodstock, GA
Posted

Hello BP world.

I'm working on purchasing my second investment property and have decided to go multi-family. I have the property under contract and recently received the survey back. There is one part of the structure that crosses the property line by about 2 or 3 inches. It's the overhang of a roof which is attached to a storage closet which attaches to the house. *Nothing physically touches the other property, it's just this overhang above the ground* Would a bank finance this or do I need to fix roof before purchasing?

This is an owner financing opportunity, therefore nothing technically needs to be done right now. But I have a balloon payment for 5 years, once that timeline is up, I'm worried I won't be able to re-fi out of it due to this problem.

Any thoughts? The house is in Texas so I'm pretty sure a survey is required by any bank that is willing to finance.

Loading replies...