30 September 2021 | 3 replies
Stabilized means no construction and occupied.
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11 October 2021 | 7 replies
I think you need to occupy the property for two years before you can qualify for a second loan.
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13 October 2021 | 3 replies
They typically will only let one of the partners owner occupy if the other partner is an immediate relative.
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10 October 2021 | 1 reply
The building will offer short and long-term lease offices as well as conference room rentals and other rental-type amenities.Also, my sister wants to partner with me, so we had originally planned a two-member LLC.The local bank I use said this arrangement won't work if I want to get a 10% down SBA owner-occupied loan, because the ownership of the business leasing the building has to be the same ownership as the business buying the building (meaning I would have to be 100% owner of both - no partner).
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22 October 2021 | 10 replies
I just went under contract on a multi family property. The current tenants have been there for years. The current landlord has let the tenants run the show. There are numerous lease violations. I have no...
30 September 2021 | 3 replies
Another thing to think about is what alternatives do you have other than a conventional 20% down owner occupied loan or a 3.5% FHA loan.
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1 October 2021 | 4 replies
Do an owner occupied cash out refi at 80 LTV.
30 September 2021 | 3 replies
I’m mostly a podcast-listener, but I’m here on the forum to get advice.I have 2 rentals (GA & TX) that are on new 1-year leases.My wife and I are planning on buying a larger house in CO and we’re wondering if it’s common or even possible to sell the occupied properties.If so, is market value expected?
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5 October 2021 | 9 replies
I was in the process of interviewing management companies(maybe overkill for an owner-occupied duplex, but with my work schedule and him being blind I feel he will be better taken care of in an emergency) and found one that was able to redraft a M2M contract that addressed some of these issues - guest limitations, specific language to common areas, etc.
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3 October 2021 | 13 replies
Off market is harder to find one that'd fit a owner occupied loan(don't know how different Canada is).