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10 March 2022 | 30 replies
I want to Wholesale but I don't want to get into legal trouble.
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24 July 2018 | 8 replies
I do not have any legal entities.
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23 July 2018 | 3 replies
Are Owner-User listings restricted to only owner use in some way?
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8 August 2018 | 23 replies
Also I believe legally in L.A you can only rent out the house a certain number of days since city has been restricting short term rentals .Guess I’ll be interesting to see if the house sells for more than the comps in the area .I live in L.A and it doesn’t seem like celebrity owned homes necessarily sell for more but I don’t know if this is different .
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21 July 2018 | 4 replies
The downside is restrictive guidelines, a ton of paperwork, lack of flexibility.Commercial types of financing have pros that are flexibility in guidelines and structure you can do all sorts of stuff from substitution of collateral to partial lien releases on blanket commercial mortgages to cross collateralization and many others, less documentation than conventional financing products, use of debt coverage ratio (DCR) as opposed to Debt to income (DTI) and if you compare DCR to DTI the commercial lenders go up to 80% DTI since the reverse of 1.25x DCR is .80 or 80%.There are downsides to commercial financing and that is the convenants with in the mortgage note that can allow the lender to call the note so make sure to read all the definitions for what substantiates a "default," by the lender you'll be surprised by the definitions and language at times.
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24 July 2018 | 23 replies
Then you can confirm they are not on the FHA approved list here: https://entp.hud.gov/idapp/html/condlook.cfmThen if you find a good deal you can look into the HOA resale package and find out why it is not on the approved list and then see if it is a good fit to become FHA approved once they loosen FHA guidelines on these restrictions.
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21 July 2018 | 2 replies
Good morning and Happy Saturday.Can I ask if anybody knows maximum number of unrelated people can legally live in one house in Howard County, Maryland?
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21 July 2018 | 5 replies
I heard there are a lot of restrictions but I am interested in trying it out for the first time.
21 July 2018 | 4 replies
The legal postings help drive home the point that you are serious and ready to exert your rights to the fullest extent of the law.
24 August 2019 | 22 replies
A potential concern of renting to military as that we are able to legally break a lease if put o military orders (I.e. change of assignment or deployment).