RESIDENCE Definition & Legal MeaningDefinition & Citations:Living or dwelling in a certain place permanently or for a considerable length of time.

I had trouble finding a bank that would do two dwellings and ended up with a loan requiring 25% down and a few upfront points with 7.5-8% interest rate depending on lock in day.

The key part to my opinion is that you have a single-family home with shared space, as opposed to a duplex or a two-level house which would be two separate "dwelling units."

App_mode=Displ...Also, our Governor Ron DeSantis just passed a "Squatter law" which always a homeowner to reclaim their property INSTANTLY under these terms The individual has unlawfully entered and remains on the property;The individual has been directed to leave the property by the owner but has not done so; andThe individual is not a current or former tenant in a legal dispute.First in the Nation to do so.Link to squatter article - https://www.flgov.com/2024/03/27/governor-desantis-signs-leg...Let me know if you have any questions about FL or plan on investing in the Sunshine State!

The San Francisco Bay Area housing shortage has prompted a lot of homeowners and investors to add Accessory Dwelling Units (ADUs) to their properties.

The maximum amount of the energy package that can be added to the borrower’s regular FHA loan amount is the lesser of:· A cost-effective improvements to be made (energy package) based on the home energy assessment; or· the lesser of 5 percent of:the Adjusted Value;115 percent of the median area price of a Single Family dwelling; or150 percent of the national conforming mortgage limit.An FHA-approved lender can access FHA’s EEM Calculator to determine the dollar maximum amount that a borrower can finance for energy improvements.

I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through &  find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.

Once 6-12 months have passed, depending upon the loan program, you should be able to refinance it to bleed some of the "instant equity" out.

We have purchased a larger home and made two full dwelling spaces; a kitchen on the main with 4 bedrooms and a kitchen in the basement with 2 full bedrooms. 

This zoning allows for single-family homes, duplexes, and other medium-density multifamily residential uses, with a maximum density of sixteen (16) dwelling units per net acre.We're seeking advice on how to maximize the potential ROI of our lot.