My lender is requesting a CPA comfort letter. Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liabilit...
If someone is selling a 4 unit with 2 units non conforming (top and garden). They already have a tenant in one of the non conforming units. How much of a discount should I ask for or is having non conforming units som...
I was looking for anyone's thoughts on non-conforming properties. Multi-family units which are not under the same rough. Some of the better bargains I have found in my research are non-conforming properties, which m...
Anyone else seeing a surge in companion/comfort/service/you name it/pets?
I'm in the process of purchasing my first duplex. This is one I'll be "house hacking" so I applied for an FHA loan and made an offer on a property. However my lender is now requiring a comfort letter from a CPA. My re...
Hello All!I'm in the process of running the numbers on a few (2,3, and 4plex) deals. One of them is a 3 unit but it isn't a triplex, so there are no separate, walled off sections like the typical MFR. Two units down...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $210,000
Cash invested: $50,000
Purchased this one in a partnership with my father. I have no money in the d...
Hi, On a website regarding real estate appraisal, I saw a discussion from 2009 talking about getting acceptance of a 3 season porch for inclusion within the general living area of the house(increased SF). Within the c...
I REEEAAALLY need help with a property I purchased back in February of this year (2021).I purchased a house in Tampa that has a main house in the front with a "mother in law" in the back. The house was advertised as a...
Hi,I’m looking at a off market property. Well it’s actually three different parcels with three duplexes on each parcel for a total of 9 duplexes. They were built before planning and zoning come into play. Built in the...