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7 January 2025 | 4 replies
.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean?
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7 January 2025 | 19 replies
Unkempt lawns, trashy or broken down vehicles, mattresses and trash on empty lots, boarded up houses, bars on windows, dealers and hookers on the corners, the lack of stores or gas stations, occupied properties are dilapidated, etc.Or when Google maps shows stuff like this:
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6 January 2025 | 0 replies
I was eager to get one on the board and moved the dates up a week.
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8 January 2025 | 6 replies
@Kash Tacke legally, you would need architect drawings to get approval from Detroit Zoning Board.
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6 January 2025 | 2 replies
By the most important thing (if that's what you're doing) is to have a really good operator who knows the laws, has experience and is above board so they won't leave you high and dry.
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23 January 2025 | 15 replies
As an example, DSCR is based on the DSCR ratio and qualifying Rent to PITI ratio.
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6 January 2025 | 0 replies
I was eager to get one on the board and moved the dates up a week.
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18 January 2025 | 15 replies
If the use of the funds are for business purposes, like investing in real-estate, you will have an easier chance of qualifying for a loan documentation and income wise.
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12 January 2025 | 6 replies
Higher assets or cash in the bank increases what is called you compensating factors which banks/lenders use to qualify.