Tracy Royce
Would you allow a hoarder post-possession?
18 May 2016 | 6 replies
Personally, I've dealt with hoard houses a bit and it's not the mess that's the challenge, it's the mindset that makes me extremely hesitant to match any promises.
Shalabh Jain
Financing an investment condo with less than 50% owner occupancy
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.
Derek Eddy
Looking for NJ Lender
15 September 2016 | 4 replies
Need to refinance a rehab we completed in May and have been running into challenges with many banks due to seasoning requirements to go off the appraised value and deed in LLC.
Avi Garg
Managing from out of country
25 May 2016 | 8 replies
It was surprisingly easy.My major challenge is that I have been managing major rehabs from half-way across the world.
Bryce Caron
Digital Signatures
19 May 2016 | 6 replies
Digital signatures are accepted as legally binding so long as both parties know and intend to engage in business online.
Tom Howard
Feeling Conflicted
23 May 2016 | 7 replies
I was a very active reader here but I decided to try and engage in conversation here.
Michael DeFrancesco
Is the Denver market in a Bubble.....?
6 December 2016 | 47 replies
I think that buying condos will be a tough challenge today, AND when the conversion process happens.
Shay Sahray
New to Memphis
21 May 2016 | 13 replies
As James Martin wrote above, your target price range is challenging, but it's doable with the right team.
Ken Boone
Good property manager in Gatlinburg, TN area
17 April 2020 | 4 replies
That is the challenge of self management The is a huge obstacle to overcome.