Can someone explain why/how owner financing works when sellers aren't carrying back 100% of the loan? Say they agree to carry back 20%. No bank is going to let you take out an 80% conforming loan knowing the down paym...
Hi,I am refinancing a property that when I originally purchased it, I was told it was a multi-family, so I had to pay a slightly higher interest rate.Now in the middle of the refinance, the mortgage companies appraise...
I went to an open house the other day that ticked off a lot of boxes in our search for a larger house for the growing family. Looking through the financing options I remember that USDA loans are an option here with 0...
I currently have a home improvement business that is incorporated. Are there any benefits of purchasing properties under the corporation?
Hi BP,I have found a triplex that appears to cash flow. My agent did some research and let us know about an issue. According to online maps, the subject property appears to be in a zoning district that restricts pro...
Hello,
A seller has 2 small cash flowing properties for sale.
One is $80k, the other $30k.
Will a lender even lend on a small $30k investment property?
Will a lender combine these for a portfolio loan?
I would as...
Are there any builder/investors that have taken a *very* minimal structure kit from Home Depot, etc and turned it into a minimalist but permitted ADU?Like this for example (barely meets the 300SqFt threshold): https:/...
Is it possible under the current Seattle regulations? I plan to add 2 ADUs, and eventually rent out the three homes.
I am looking at a property in Shaker Heights. On the county website, it is showing that the land use is 2 family plotted but the zoning use is 1 family detached <1000. Is this still considered a duplex? Or what do ...
In contract on a 5 acre non-conforming property. Acreage is in a urban area where lots this size are very rare. Has a tear-down primary residence and a 1bd ADU. Obviously conventional and portfolio lenders are not an...