Sam P.
Skokie Rental Unit Questions
Is there anybody here with experience on non-conforming rental units in Skokie. Village website lists mandatory inspection prior to sale. What will happen to the non-conforming units with tenants at the time of sale? ...
Justin Baca
Looking for non-agency lender in NJ
Any suggestions for non-agency mortgage providers? I have a property under contract in the Princeton-area that is grandfathered to allow 2 ADUs in addition to the primary single family house. The lender that I am curr...
Sohrab Ansari
Help me close this deal or NOT...
I have a 10 unit under contract. It is in a decent area with decent school district. It is in a two acre lot. Property details
3 two bedrooms3 studios (very small) 4 1 bedrooms 10 feet deeded lake access. it is not ...
Shelley W.
Do I really need 25 percent down?
Ugh! I'm just getting ready to make my first investment and I learned tonight that lenders will likely want 25% down on an investor non-occupied conventional loan. I've done so much research and learning, and somehow ...
Chris Davis
Mortgage broker in OHIO
Hello fellow BP's just wanted to ask for some advice. I am seeking to connect with knowledgeable mortgage broker that originates loans in OH. Specifically, conforming and non- conforming loan products that offer alter...
Bao Da
Loan for a 2-family residential property zoned as commercial
I heard from one lender saying that they would not provide loan for a duplex zoned as C-2B. Is that common?
And any reason for that?Any lender who does not have that restriction?
Eric Buras
Renting out Nonconforming Duplex Denver
New to posting, but have read forums and podcast for a while. Three of us (engaged couple + sister) are looking to buy a duplex in Denver proper that is zoned U-SUB aka urban single unit as opposed to U-TUB (urban two...
Stephen Daddario
Subdividing in Boston
Hi- I have a 2 family on a large lot that I would like to subdivide. Does anyone know what happens to the existing 2 family if after I subdivide it? It now becomes non conforming due to the side set back. Would that ...
Lakshay G.
BRRR Concern Question
Hello,I live in Maryland (Near Baltimore). I may have been misunderstood but I was told at one of the REIA meetings by a person who works for a Self directed IRA company that when money is borrowed from a hard money l...
Nitanth Vangala
Nonconforming unit in a multifamily property
Hey guys, I was evaluating a multifamily unit that has 6 units plus a nonconforming studio unit which is currently being rented out. The questions I have are as follows:
1. If I plan to buy and hold and not have any ...