26 August 2021 | 20 replies
So it's a big win-win for both of us.All of that being said, yes, Dartmouth can be great and yes, there are neighbourhoods to steer clear of (generally speaking... but there's always exceptions to be found).
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1 July 2021 | 19 replies
Countryside HOA in Sterling is a notable exception: as of the last time I checked (2019), it had nothing forbidding STRs.
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29 January 2020 | 2 replies
No financials are available and no one else has access to the account except him.We are trying to reorganize and set up a proper structure for the HOA, and the first thing we face is we can't even hold an annual meeting because two of the owners are overseas and can't attend physically.
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28 January 2020 | 8 replies
The exception is that under the FHA program, appraisals are required to be portable.
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24 February 2020 | 5 replies
The loan requirements are the same as a traditional FHA loan underwriting (owner occ, 3.5% down at 580 credit or better, Mortgage Insurance, etc) except you can use up to 75% of the rent roll to lower your DTI ratio, and you cannot have any existing FHA loans outstanding unless 100 miles away from subject property.The 203K loan has a lot of upside but is quite cumbersome to navigate.
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24 February 2020 | 3 replies
Personally, I would not buy an investment under those circumstances.
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24 February 2020 | 6 replies
There are some exceptions for commercially zoned properties.In the NOLA.com article posted above, you will find this info:"The main change in the rules will allow short-term rentals to operate in residential areas only if the owner lives on the site and has a homestead exemption to prove that it’s their primary home.
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25 February 2020 | 7 replies
Now that is an EXTREME circumstance and he got such a good deal on the property that he'll still make money when it's all said and done but if the bank or a HML gets burned by that once I promise they won't be lending on occupied properties again.As far as due-diligence goes the bank will need to deliver a clean and marketable title to you.
25 February 2020 | 8 replies
I texted her as I was headed out of the house that slamming doors in anger would not be tolerated under any circumstance and that I would buy a vibrating alarm if it was that problematic for her.