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8 September 2017 | 14 replies
The FNMA condo guidelines are all here https://www.fanniemae.com/singlefamily/project-eli...Condo projects and properties which don't meet Fannie Mae and Freddie Mac warrantability standards are known as non-warrantable.Non-warrantable condos are more challenging to borrow against.Typically, a condo is considered warrantable if:No single entity owns more than 10% of the units in a project, including the developerAt least 51% of the units are owner-occupiedFewer than 15% of the units are in arrears with their association duesThere is no litigation in which the homeowners association (HOA) is namedCommercial space accounts is 25 percent or less of the total building square footageWhat you want is lender that will lend on NON warrantable condo project.
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25 May 2016 | 26 replies
The space seems crowded and the common factor is pretty high account fees.
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23 May 2016 | 7 replies
Even 2-4 years it was tight with the RE taxes being so high.
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21 July 2016 | 18 replies
Columbus is a great town with a nice economy, and rents are pretty tight in columbus for C and above.
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4 June 2016 | 3 replies
Don't know anyone directly, but I know plenty of people in the MF space in Atlanta and I'm happy to see if they can refer someone.
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20 May 2016 | 12 replies
Make sure its safe throughout the property (walking space, handrails etc) and have insurance in place.
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21 May 2016 | 13 replies
In this space you want to be more concerned with rental history, ignore that they don't pay a lot of their bills, you are only concerned that they pay your bill (the rent).
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25 May 2016 | 2 replies
CPAs also sell service based products so they are inherently knowledgeable about service based businesses.Now, I'd still look around for a CPA firm that's in the architectural space as they will have a large network you can probably tap into, but it sounds like you are already doing a great job of that yourself.
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31 May 2016 | 23 replies
Markets of focus include Space Coast, FL., and am looking at Fort Myers, FL., Raleigh, NC, and Houston, TX.
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25 June 2016 | 16 replies
The anchor store (a 30,000-sq ft. space) was in disarray.