7 June 2021 | 16 replies
"(8) If the tenancy is for occupancy in a dwelling unit that is located in the same building or on the same property as the landlords primary residence, and the building or the property contains not more than two dwelling units, the landlord may terminate the tenancy at any time after the first year of occupancy:""(B) Without cause by giving the tenant notice in writing not less than 60 days prior to the date designated in the notice for the termination of the tenancy"The lenders will not accept it because it cannot be done without you living in there in the first place.
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27 May 2021 | 9 replies
If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower
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19 June 2021 | 8 replies
If there is actually an HOA there will be a Declaration, Articles and Bylaws that will contain a procedure for dissolving the HOA.
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1 June 2021 | 10 replies
I also sprayed around perimeter of house with Ortho Home Defense Insect Killer (I had large container left over that I previously used at my own house).
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22 June 2021 | 14 replies
More parents were keen on their students being in a self-contained single family home rather than living in dorms.
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31 May 2021 | 0 replies
Single- and two-story homes, joined in pairs by a prefabricated common core (that contains the plumbing and electrical), cluster around a landscaped courtyard.
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3 June 2021 | 0 replies
This article originally appeared on Money.com and may contain affiliate links for which Money receives compensation.
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2 August 2021 | 2 replies
It contains all of the answers to address these issues, and serves as your guide to the tenancy.
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8 July 2021 | 11 replies
There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts
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5 July 2021 | 5 replies
If you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides