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thanx rd
ill look into that

good job!!! congrats :D

hey guys,

Ive been lookin thru the web for leads on permits but cant find what im lookin for. Is there anyone out there who can tell me the steps for aquiring a building permit. (PA)

From what ive read it is only required to have a permit when your changing a pre-exiting floor plan (ie: removing walls, floors and outdoor contruction) which i plan on doing, and you have to have a rought sketch of your new floor plan. who do i submit this sketch to?

thanx in advance

thanx, you made some very good points
("Making false statements in order to get a loan is loan fraud. Nothing will probably happen to you but I certainly wouldn't do it again.") wasnt done intentionally

i definitly dont want it to go down as fraud. if things get to complicated i might just fix it up and go for the sale.

sounds good. thanx 8)

First off i would like to say this site is the best thing that ever happened as far as REI goes. I just purchased my first investment out in PA and was looking to put it up for rent.

The problem i think i have:
I brought the property as a primary resident instead of as an investor. (did that to avoid puttin 10%down, and reserve.)
I do plan on buying propertie as an investor in the near futuretho ...
Well anyway i wanted to know if there are goin to be any legal issues as far as renting out a primary residence. Are there thngs i have to change ie. insurance. will the bank change my terms of agreement if they know?
I spoke to an attorney briefly he and he said its not a problem. i also mentioned that i have an LLC and wanted to run the property thru my company. He told me its fine and that i can just sign the property over to my LLC and pay the transfer tax. Can i do that and keep my terms with the bank?
Can anyone help me get a clearer forecast. Thank in advance for any input.