They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

In tenant friendly states like Maine and MA, a small error in the paperwork could result in the process starting all over again.

When my amendment was ignored after its expiration after 4 business days, I filed a dispute with my financial institution to recoup my course fees.

We're Gloria and Steve from Massachusetts, passionate about restarting our real estate investing.

In MA there are great rebates through mass save on any 1-4 unit residents properties.

I'm located in Massachusetts, but not limited to that area.

Yes, get your financing in place example DSCR loan/financing ect. and speak with a Lender or your bank/financial institution about your finances and investing in real estate.  

I'm particularly passionate about Buffalo, NY and Springfield, MA to begin with, but open to other markets.Excited to learn and connect with you all!

And also engaged with institutional investors on a regular basis.I'm highly entrepreneurial and figured out that what I really want to do in my professional career is US multifamily investments.What I've done so far is selecting the markets I'm interested in (in TX), building a comprehensive financial model to analyze deals, and creating a very detailed due diligence list.

I would like to know which banking institutions and type of accounts you are using for security deposits that comply with Florida law.I have heard to use an escrow account.