April C.
Can Deed Restrictions be changed by an HOA?
2 June 2021 | 17 replies
There should be parameters around how they should do that and how often those meetings should be in order to change the deed restrictions if the local city/county/state doesn't have issues.The deed for my STR is also listed as residential and non-commercial.
Chris O'Reilly
Self Storage Conversion Leased Property
15 April 2022 | 2 replies
Those may not require commercial zoning to the same degree and if those laws look favorable, just buy non-commercial property and fill them with portable storage units and call it self storage.
John Matthew Johnston
Commercial Loan Number Help
10 May 2022 | 7 replies
If this is a commercial loan then you'll get a term sheet with is a summary of the potential loan terms and not the final as things may change once the appraisal comes in and no there is no loan estimate or closing disclosure because this is a commercial loan.LE's and CD' or loan estimates and closing disclosures are for 1-4 unit residential (non commercial) mortgages.
Art Alonso
Newbie in San Diego CA
26 March 2022 | 24 replies
I know of no local investor that had at least 3 properties that transition to non-commercial OOS at the exclusion of local RE.
Tyler Cook
Renting out my Primary Residence
5 November 2022 | 12 replies
Quote from @Tyler Cook: This isn't like a peasant approaching royalty.
Account Closed
Do you know of a portfolio lender in Ohio?
9 November 2016 | 22 replies
Thanks for the mention Ken,Lima One Capital and B2R do portfolio loans that are asset based.I hate lenders by the way heheCash is King, Cashflow is the Queen and finance is the Peasant lolMuch succes :)
Jacob Wyatt
How is the 2% rule realistic in a market like Seattle's?
15 September 2016 | 17 replies
In the end, I'm really looking for properties that will yield the best return and meet a few of my other core criteria (target zip codes, max purchase price, non-commercial)
Mike Umberger
Active Investor in South Carolina!
6 March 2016 | 7 replies
Have family in Mt Peasant.
Tim Healey
LLC on First Stage of BRRRR
8 October 2019 | 2 replies
The personal guaranty strips the LLC of limited liability with regard to that loan only and makes the lender feel more comfortable.You will get better terms if you do non-commercial, but may violate the "due on sale" clause if you transfer to the LLC after financing.
JR Dadivas
Finally Ready and First time posting
17 October 2019 | 9 replies
Also note that for the self sufficiency test and most non-commercial loans, if you are using that income to qualify for the loan, make sure the property is zoned appropriately.