Micki M.
Zoning or Non-conforming use in Indianapolis?
I have my eye on two different properties in Indianapolis. Both have non-conforming uses (one has two houses on a lot that is slightly smaller than the required single family size, the other is a SFH divided into 3 u...
Clint Gaskins
Condo OwnerFi - Non Conforming to FHA guidelines
Afternoon All!
I am located in a great city in the Southeast. I am preparing to make an offer on a small condo to use as a short term rental property. This is a condo, located in the historic epicenter of t...
David Bull
REFINANCING RESTRICTIONS - 80% of cost / value
in TX - is there a time period you have to wait to refinance? I bought my first property with cash. first 2 banks said they would only refinance with a loan of 80% of the COST of the purchase price plus rehab. I thou...
Ryan Monty
Illegal vs. non-conforming unit: differences in uses & Airbnb?
This is a few related questions in one:First, I want to check if my understanding on the differences here is correct?Illegal unit = you can't rent this unit. I mean, you *can* rent it, but if the City is ever alerted...
Jean Mercer
nonconforming rental units.
I would shy away frompurchasing a building withnonconforming rentAL units.The city can shut you downand make you convert them back and at today's codes. It can be very expensive. I speak from experiance.
Naz Hossain
Understanding SA Zoning
Hi BP-San Antonio! I having been doing a lot of research about the zoning in SA. There are a lot of older properties that I see have that have a mother in law/casita at the back but are zoned R-4. How does that work? ...
Brian Ellison
Change Property Type Residential to Multi-Family
Hello everyone!Has anyone been through the process of changing a residential property to a multi-family property? I recently found a multi-family property I've been eyeing is zoned for residential. I would like to wri...
Scott Hawley
Why would a new performing note sell for 87.5% UPB?
I've been reading a lot about notes but am still very new. I'm not sure if this is the going rate, but suspect it isn't. Why would some sell a brand new note for 87.5% UPB? It is like they just made the note and are t...
Minna Reid
Do I need to worry about seasoning when rehabbing?
I am not keeping the property, just selling it. I bought for 162 2 weeks ago, will be marketing for 250 range in 2-3 weeks. Will prospect buyers have a problem with their banks lending on my property due to seasoning ...
Steve C.
great time to do refinance - got 2.875% 30 year fixed today
Just letting everyone know that it is a great time to get refinance.
I locked the rate at 2.875% (from 3.5%) this morning for 30 years fixed for primary residence. Also, locked the rate at 3.625% (from 5.5%, paid ar...