Jerryian Francois
CA N I US E A 203 K To Fund A Rehab In
31 December 2024 | 6 replies
Quote from @Jason Wray: Yes, you can use an FHA 203K program or even convert it to Fannie mae and use a renovation loan if the LTC/ARV allows.Cool thanks for the info!
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
During this 24-month period, the property must be rented to another person at a fair market rental value.After the 24 month period your sibling could convert it into a primary residence.
Brad Kanouse
IRA funds as down payment
16 January 2025 | 17 replies
@Brad Kanouse,I believe this is a duplicate of this post:https://www.biggerpockets.com/forums/311/topics/1210256-usin...But regardless, here is my answer:If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.
Guan Hong Guo
Income Criteria for Multiple Occupants
15 January 2025 | 10 replies
I own a multi-family house that was converted from a single family, therefore, there is only one gas meter.
Frank Pyle
Seeking Advice from Lenders: Financing for Community Living Home
5 January 2025 | 2 replies
We are planning to purchase a home and convert it into a community living space for people in recovery.
Lee Ouellette
Villa Villa Coola
9 January 2025 | 0 replies
I plan on converting the barn into another sleeping space and indoor/outdoor rec room.
Angelo Llamas
Taxes on a property that isn’t yet ins service
14 January 2025 | 4 replies
He should read his mortgage and see what it says about renting and/or converting to rental.
Lisa Albright
Rehab personal home taking funds from rental property equity
13 January 2025 | 8 replies
Some rehab lenders have favorable refinancing programs to convert the rehab loan to permanent 30 year financing.
Ricardo Polanco
Scranton Multifamily deal - Possibility of changing 2 units to 4 units.
1 January 2025 | 4 replies
My question is, does anyone know if it is possible that I can convert the building into a 4 units apartment with that Mixed Use zoning or do I have to request a change of zoning?
Peter Tverdov
Featured Agent Feedback from Agents?
13 January 2025 | 4 replies
Most take 6-9 months to find the right asset to buy but occasionally some convert within 90 days.