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19 September 2021 | 4 replies
Only one unit is occupied which is perfect.
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20 September 2021 | 11 replies
Does anyone know the minimum and maximum amounts that an FHA and Conventional loan would approve for the purchase of an owner occupied duplex home in Harris County in Houston, Texas?
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20 September 2021 | 10 replies
If you tell the lender that you will occupy the property and don't, you have committed mortgage fraud, which is a felony.
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23 September 2021 | 1 reply
Fully occupied and are cash-flowing nicely.
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30 September 2021 | 14 replies
My best guess is an investor wouldn't care that much - it's rentable as-is, and a owner-occupier wouldn't want to live in a 950 sqft 3bd 1ba and would just tear it down.
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20 September 2021 | 3 replies
Straight student housing as opposed to market MF housing, student occupied.
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8 October 2021 | 7 replies
If you don't have financials, you can calculate the expected NOI by multiplying the number of occupied spaces currently paying rent by the monthly lot rent, then multiply by 12 months, subtract the expenses, which can range from 30-50% depending on variables, so use 40% for your back of the napkin analysis.
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20 September 2021 | 1 reply
Good morning @Anthony Barrueco,The main requirement for 203K loans is that you occupy the property.
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4 October 2021 | 4 replies
Property #1- 4 acres, 7 buildings, 20,500 of rental sqft, 139 units, 96% occupied, Property #2- 6.5 acres, 5 buildings, 15,00 of rental sqft, 110 units, 100% occupied, Property #3- 3 acres, 6 buildings, 18,000 of rental sqft, 144 units, 90% occupied,The Details I do have currently:All are slightly under market rent rates(could raise 5%-15%), None are AC.
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20 September 2021 | 0 replies
Owner occupied interest rate.We made it through the real estate downturn and always had positive cash flow.