BP,Crazy to think that starting January 1, 2023, you can use a FHA primary residence loan to purchase a small multifamily with the following max loan amounts in Washington DC:Duplex- $1,394,775 loan amountTriplex- $1,...
I see a lot of general terms for programs tossed around on here - Private Money, Hard Money, Portfolio Loans, etc. The vast majority without any concrete information. In response, thousands of people on here are wonde...
Does anyone know if a conforming mortgage could be used on a property that is currently on the (Montana) cadastral as a commercial property, but which could be used as a home as it is? I know a conforming mortgage doe...
Husband is thinking this may be a good way to increase the ease of rental - and more importantly - sale down the road. Anyone ever tried this?
thanks - suz.
Hi there! I am looking for recommendations for a lender in NC who does non-conforming loans. I have a great HML that I work with in Asheville - but would like to look at something different for my next project since i...
We are buying a legal non-conforming property (two homes attached by a garage). How do we insure this property? We are still working on getting the zoning grandfathered in, so if it doesn’t go through how would we dea...
Hi there! This is a longer post so let me apologize up front. My wife and I have been looking for our first multi-family home for about 18 months now. Our plan is to live in one unit and rent out the others. The catch...
Hi guys, I am in contract on a 4-unit building. It's a very old building and one of the units does not have a second egress. I am planning to create one ASAP after closing but after speaking with some local contractor...
I have hit my maximum of 10 fannie freddie conventional conforming loans. I am in Roswell, Ga and I need to do a cash out refi on a project I have just finished. Does anyone have any ideas on the best way to continue ...
Hi allI'm a non-W2 employee and I've bought 6 houses the last 2 years with non-conforming loans at approx 4.25 - 6% interest, still making them cash flow without issue and putting 20% down with 30 year conventional lo...