I have FHA financing (3.5% down) for up to $50,000 more than the seller’s asking price.Here’s the catch - this property is two single-family ranches on a single parcel.Once my lender noticed this, they said I cannot do a residential loan and would instead need commercial financing, which they do not provide.So, I am looking for one of two options:1. 

Did anyone catch the discount code for Pro this week?

What’s the catch?

I don’t know why they don’t catch every of of them.

@Will BarnardGood catch, thanks for that correction

I found bigger pockets through the podcast actually, looked up Grant Cardone real estate on spotify and i found his 2 episodes on the podcast and after those 2 i started from episode on and now i am doing 2 episodes a day hoping to catch up before the end of the year. 

It's a little like catching fish with bare hands.How can you overcome these issues?

(Ie, Vancouver, where population is growing by 5-7% a year and supply does not catch up to demand)- renting it out can take longer in a large development as you are 1 of perhaps 50 identical apartments for rent (if you’re on the southeast corner, all the floor plans on that corner is the same layout) - selling it in the future can be the same headache (see above)- some of the properties come with all the bells and whistles, such as rental guarantee, deposit incentives, free upgrades and etc, so do not be afraid to ask if you do decide to go ahead.

Learned that if you decide to not develop the land and leave it as open land for now, the property tax is about 10% of regular, and if you decide to develop later you can do a tax 'catch up' at that time.

Not this situation where you build up a stock of back payments that you need to catch up on later