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Results (10,000+)
Natalie Johnstone How do you find out neighborhood rating?
26 August 2024 | 5 replies
As has been said if you don’t have anyone local to rely on you’re probably gambling.
Jim Funk House Hack FHA loan with a partner
27 August 2024 | 4 replies
FHA has pretty specific guidelines on who can be on the loan. 
Alex Smith Interested in House Hacking but Limited Multifamily Options
27 August 2024 | 5 replies
Same thing with FHA, if you go FHA on the 1st home, you'll need to go conventional on the 2nd thanks to FHA guidelines.I posted the FHA guidelines in another thread:https://www.biggerpockets.com/forums/48/topics/1194842-how-d...
Brad Birky Buyers can't get financing due to zoning
27 August 2024 | 12 replies
Here are the Fannie Mae guidelines for legally non-conforming properties:If the Property's characteristics are legally non-conforming, you must:ensure the Borrower executes the Modifications to Multifamily Loan and Security Agreement (Legal Non-Conforming Status) (Form 6275);confirm whether, if fully or partially destroyed, the Property's Improvements can be fully rebuilt to the pre-casualty condition per current laws, zoning requirements, and building codes; and if the Property’s Improvements cannot be fully rebuilt to the pre-casualty condition, evaluate if the as-rebuilt Property will support the Mortgage Loan at the current Tier, and document your analysis in the Transaction Approval Memo.To assess the Borrower's ability to rebuild Improvements on a non-conforming Property to a level that will support the Mortgage Loan at the current Tier, you should consider: conducting a threshold analysis to determine the resulting actual amortizing DSCR if the reconstructed Improvements cannot be rebuilt as-is per current law; the likelihood of a casualty event (e.g., wind, earthquake, fire, flood, mine subsidence, etc.); the percentage of damage to the Improvements at which the Property’s jurisdiction will require the Property be rebuilt to current zoning and land use requirements (i.e., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.
Chen Avnery Seeking Advice: Achieving Better ROI Than the 1% Rule in Real Estate Investments
26 August 2024 | 13 replies
These rules are not the be-all and end-all, but they serve as useful guidelines to streamline the initial evaluation process.
Jephte Augustin Cash out refi rental property with DSCR loan
27 August 2024 | 12 replies
Yes, as other people have mentioned - DSCR Lenders have prorprietary guidelines and generally offer more customized and shorter seasoning periods.  
Chuck E. Tenant Complains AC Not Cooling to 68 degrees, Outside Is 114 degrees
26 August 2024 | 44 replies
Our state guidelines say we must maintain a temperature of 65 degrees.
Andrew Carlson My tenant might be a prostitute
26 August 2024 | 73 replies
Any illegal activity like drug dealing, prostitution or gambling can attract unwanted elements.
Hector Lopez Registered Medical Dogs, what to do?
24 August 2024 | 4 replies
When someone uses the term "dog" there is a good chance it is fake.Read these HUD Guidelines in detail about Emotional Support Animals.Based on HUD guidelines, we follow this process:  We tell all prospective residents that we follow HUD guidelines
James McGovern Why are the number of fees for a loan growing?
26 August 2024 | 11 replies
Full doc underwriting, drawn out closings and tighter guidelines.